1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SIZIF [17.4K]
3 years ago
15

Businesses commonly rely upon groups to make decisions because of the many advantages to group decision making. Which of the fol

lowing are advantages of group decision making? Check all that apply.
Equality bias, which causes individuals to treat all group members as equally competent.
The process takes longer than individual decision making, so it is costlier. More alternatives are likely to be generated.
More acceptance of the final decision is likely.
Business
1 answer:
Andrei [34K]3 years ago
3 0

Answer:

Almost every other business in this universe now relies upon group thinking rather than individual approach to anything.

It has several advantages, some of them are pointed out below:

o) Equality bias, when there are group discussion, this means that everyone has a part of say in the final decision and that leads to equality bias, which is beneficial.

o) More alternatives are generated, it is a fact that when an individual takes a decision, he/she is neglecting a lot of other options to explore which could be a lot beneficial for the business.

o) More acceptance of the final decision, Since the final decision taken is with the approval and consent of everyone, there is a possibility that the final decision will be more acceptable.

o) Lastly, It creates Synergy, synergy is the idea that a decision as a whole is better than in parts.

Hope this helps you. Good Luck.

You might be interested in
​David, Chris and John formed a partnership on July​ 31, 2019. They decided to share profits​ equally, but inserted a clause in
MA_775_DIABLO [31]

Answer:

$37,833

Explanation:

Calculation for the balance of John's Capital account as of December 31, 2020.

Using this formula

Balance as of December 31, 2020= Initial contribution + Profit for December 31, 2019 - Loss for December 31, 2020

Let plug in the formula

Balance as of December 31, 2020= $39,000 + ( $46,000/3) - ( $55,000/10×3)

Balance as of December 31, 2020= $39,000 + $15,333 - $16,500

Balance as of December 31, 2020= $37,833

Therefore the balance of John's Capital account as of December 31, 2020 will be $37,833

3 0
4 years ago
Salary is not always the most important factor when making a career choice
ZanzabumX [31]

If this is a TRUE/FALSE question, the answer is TRUE.

There are other factors to consider such as benefits, scope of the job, job fit, etc.

These things can be more important than having a large salary.

4 0
4 years ago
Why is the study of finance important?​
Nastasia [14]

Answer:

Studying finance can prepare you not only for careers in the financial services sector, but also for tasks in your everyday life. ... And because finance revolves around planning and analysis, studying finance and becoming more financially literate enables people to make better personal financial decisions.

7 0
3 years ago
1. Explain why businesses pay overtime rates rather than employ more workers on the lower standard wage rate?
Alex Ar [27]

Answer:

Executive Summary

The labor market continues to recover, but a stubbornly high rate of underemployment persists as more than five million Americans are working part-time for economic reasons (U.S. BLS 2015a; 2015b). Not only are many of this type of underemployed worker, by definition, scheduled for fewer hours, days, or weeks than they prefer to be working, the daily timing of their work schedules can often be irregular or unpredictable. This both constrains consumer spending and complicates the daily work lives of such workers, particularly those navigating through nonwork responsibilities such as caregiving. This variability of work hours contributes to income instability and thus, adversely affects not only household consumption but general macroeconomic performance.

The plight of employees with unstable work schedules is demonstrated here with new findings, using General Social Survey (GSS) data. These findings (as well as key findings from other research) are highlighted below.

Irregular scheduling

About 10 percent of the workforce is assigned to irregular and on-call work shift times and this figure is likely low.1 Add to this the roughly 7 percent of the employed who work split or rotating shifts and there are about 17 percent of the workforce with unstable work shift schedules.

Six percent of hourly workers, 8 percent of salaried workers, and 30 percent of those paid on some other basis work irregular or on-call shifts. Adding in split or rotating shifts, the shares working unstable work schedules are 16 percent (hourly), 12 percent (salaried) and 36 percent (other).

By income level, the lowest income workers face the most irregular work schedules.

Workers paid under $22,500 per year are more likely to work on irregular schedules than workers in the income bracket above that (workers in the latter bracket who are salaried would be just above the current salary minimum threshold for assured FLSA overtime coverage).

Irregular shift work is associated with working longer weekly hours.

By occupation type, about 15 percent of sales and related occupations have irregular or on-call schedules.

By industry, irregular scheduling is most prevalent in agriculture, personal services, business/repair services, entertainment/recreation, finance/insurance/real estate, retail trade, and transportation communications.

Estimates of the proportion of the workforce with “variable hours,” in terms of not being able to specify a “usual” workweek (according to Current Population Survey, not GSS data), are remarkably consistent—almost 10 percent of workers overall. Being part-time more than doubled the likelihood of having hours that vary weekly. The share with variable workweeks also is higher in certain occupations and industries, such as sales, and lower in others, such as professional, managerial, and administrative support. Also, the prevalence is reduced for union members, married workers, government employees, whites, men, and workers with a higher level of education.

Nearly half of workers (45 percent) surveyed by the International Social Survey Program said that their “employer decides” their work schedule. Only 15 percent perceived that they were “free to decide” their work schedule. The remaining 40 percent felt they could “decide within limits.” This conforms to another study of “early career” workers; just under half of hourly early career workers surveyed in the National Longitudinal Study of Youth said they have their daily start and end times of work decided entirely by their employer, without their input.

Irregular scheduling and outcomes

Employees who work irregular shift times, in contrast with those with more standard, regular shift times, experience greater work-family conflict, and sometimes experience greater work stress.

Less than 11 percent of workers on “regular” work schedules report “often” experiencing work-family conflict in contrast with as many as 26 percent of irregular/on

8 0
3 years ago
Read 2 more answers
Find the Net Pay: hours worked--27 1/4, $5.15 an hour, Federal tax--$6.19, Social Security--$10.74, Other--$6.37
Kobotan [32]
Calculate for the total earnings gained from working by multiplying the number of hours worked and the hourly wage.

    E = (27.25 hours)($5.15 /hour) = $140.3375

The total taxes and items that need to be paid is,

  T = $6.19 + $10.74 + $6.37 = $23.3

Subtracting from the total earnings the latter,

     NP = $140.3375 - $23.3 = $117.04

Answer is the third choice, $117.04. 
4 0
4 years ago
Other questions:
  • Hybrid cars are touted as a "green" alternative; however,the financial aspects of hybrid ownership are not as clear. Consider th
    13·1 answer
  • Describe at least two non-discretionary expenses that you expect to have at some point in your life.
    12·1 answer
  • A sport fan who travels to the host city after the olympic games are over and wants to tour the olympic venues is what type of s
    7·1 answer
  • An oak tree produces thousands of acorns, but very few grow into mature oak trees. the oak tree exhibits a __________ survivorsh
    15·2 answers
  • g You are planning to save for retirement over the next 33 years. To do this, you will invest $774 per month in a stock account
    11·1 answer
  • What is one of the advantages of getting a government-sponsored mortgage
    7·1 answer
  • In the adjourning phase of small group development, the members of the group have met their goals and completed their tasks and,
    13·1 answer
  • Randall's has 28,000 shares of stock outstanding with a par value of $1 per share. The market value is $13 per share. The balanc
    9·1 answer
  • Assume the following for the town of Boone: it has a total population of 40,000 people, of which 1,000 are under 16 years of age
    10·1 answer
  • Explain the three organizations who help the EU with the budget.<br><br> help me out!!
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!