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stealth61 [152]
4 years ago
15

Managers have to decide when to make decisions themselves and when they should involve a group. part of that decision should be

based on weighing the advantages and disadvantages to using group decision making. in this exercise, you will categorize various attributes of group decision making into either being an advantage or disadvantage.
Business
1 answer:
WARRIOR [948]4 years ago
7 0

Group Decision Making

Pros:

  • More points of view
  • More possible solutions to consider
  • More creative

Cons:

  • Possibility for more disagreement/conflict
  • "Groupthink" = people going along with a bad idea because they are afraid to speak up/rock the boat
  • Few people can dominate the discussion
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John Chen can purchase basic loaves of white bread from a local bakery for $1.50 each and sell them in his deli for $3.00 each.
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Answer: The difference in daily profit by selling white bread instead of speciality bread is $22.

<u>Daily Profit from selling white bread:</u>

Selling Price per loaf    $3 .0

Cost per loaf                   $1.5

Profit per loaf              1.5 ( 3.0 - 1.5)

No. of units sold per day  52

Profit per day              52 * 1.5 = 78      

<u>Daily Profit from selling specialty bread:</u>

Selling Price per loaf    $4.50

Cost per loaf                   $2.50

Profit per loaf              2 ( 4.5 - 2.5)

No. of units sold per day  28

Profit per day              28 * 2 = 56      

Hence the difference in daily profit is 78 - 56 =22

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Answer:

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Particularly, the cash flow report deals with cash flow into and out of the corporation. As an academic discipline, the cash flow statement is helpful in determining a corporation's brief-term competitiveness, especially the capacity to pay expenditures.

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