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Gala2k [10]
3 years ago
9

The ability to look critically at data and assess its validity is a vital managerial skill. when decision makers are presented w

ith wrong data, the results can be disastrous. and these problems can get amplified if bad data is fed to automated systems. as an example, look at the series of man-made and computer-triggered events that brought about a billion-dollar collapse in united airlines stock. in the wee hours one sunday morning in september 2008, a single reader browsing back stories on the orlando sentinel's web site viewed a 2002 article on the bankruptcy of united airlines (ual went bankrupt in 2002, but emerged from bankruptcy four years later). that lone web surfer's access of this story during such a low-traffic time was enough for the sentinel's web server to briefly list the article as one of the paper's "most popular." google crawled the site and picked up this "popular" news item, feeding it into google news. early that morning, a worker in a florida investment firm came across the google-fed story, assumed united had yet again filed for bankruptcy, then posted a summary on bloomberg. investors scanning bloomberg jumped on what looked like a reputable early warning of another united bankruptcy, dumping ual stock. blame the computers again—the rapid plunge from these early trades caused automatic sell systems to kick in (event-triggered, computer-automated trading is responsible for about 30 percent of all stock trades). once the machines took over, ual dropped like a rock, falling from twelve to three dollars. that drop represented the vanishing of $1 billion in wealth, and all this because no one checked the date on a news story. welcome to the new world of paying attention (harvey, 2008)!
Business
1 answer:
Ghella [55]3 years ago
6 0
Thanks for sharing this, awesome read!
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a costomer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i
jasenka [17]
I would say Sir/ma'am it seems that we are out of stock on that certain item. You can order online the item that you want. If not then can I have your name or phone number to tell you when we have that item again.
Hope this helps :3
8 0
3 years ago
Read 2 more answers
TB MC Qu. 6-101 Data concerning Bedwell Enterprises ... Data concerning Bedwell Enterprises Corporation's single product appear
Alexxandr [17]

Answer:

Break-even point in units= 6,547 units

Explanation:

Giving the following information:

Selling price per unit $160

Variable expense per unit $91.50

Fixed expense per month $429,490

Desired profit= $19,000

<u>To calculate the number of units to be sold, we need to use the break-even point formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (429,490 + 19,000) / (160 - 91.5)

Break-even point in units= 6,547 units

4 0
4 years ago
During the summer months, the local drug store displays everything needed to make s'mores at the front of the store in a campfir
monitta

Answer:

D: Loss leading

Explanation:

Loss leading or the loss leaders is the concept where we decree the price of certain well known and popular products to such a level that customers are amazed. We even start selling that product below its cost as well. The basic logic behind loss leaders is to increase the store traffic and therefore increasing the sales. For example, if everyone is selling eggs at $2 per dozen, and you get it at $1.5 from the whole seller then you can either sell it at the same amount on which you purchasing it from the whole seller, at $1.5 or even below than this at £1.3. People knows that eggs are usually sols at $1.5 but your concept of loss leading will attract them towards your store, and besides purchasing eggs at $1.3, they will also but many other high profit margins products as well.

4 0
3 years ago
What is the purpose of unconscious bias training? include an example of how unconscious bias training can affect who gets to att
Digiron [165]

Training on unconscious prejudice has become a well-liked method of diversity education. Such training is intended to help people recognize their unconscious prejudices, provide them tools to change automatic thought processes, and ultimately aid in the eradication of discriminatory practices in the workplace.

Demonstrations of how the mind functions in ways that are outside of our awareness and control are frequently the first step in unconscious bias training.

These examples demonstrate how people unintentionally form judgments based on factors like gender or ethnicity. Unconscious bias training is one of the diversity training techniques that has more and more support.

Attending such training may help people learn more about themselves that they might not have otherwise known. They might therefore be more aware of how their biases affect how they interact with others.

To learn more about Unconscious bias here

brainly.com/question/13177484

#SPJ4

4 0
2 years ago
The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fu
Dima020 [189]

Answer:

standard price= $5

Explanation:

Giving the following information:

Quantity of direct materials used 3,000 lbs. Actual unit price of direct materials $5.50 per lb. Units of finished product manufactured 1,400 units Standard direct materials per unit of finished product 2 lbs.Direct materials quantity variance-unfavorable $1,000Direct materials price variance-unfavorable $1,500.

Direct material price variance= (standard price - actual price)*actual quantity

-1,500= (SP - 5.5)*3,000

15,000=3,000SP

5= standard price

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (1400*2 - 3,000)*5

Direct material quantity variance= 1,000 unfavorable

5 0
3 years ago
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