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stealth61 [152]
3 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]3 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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Please help me. ...​
geniusboy [140]

Answer:

You got this, never give up!

Explanation:

Believe in yourself. : )

7 0
3 years ago
Let x be per capita income in thousands of dollars. Let y be the number of medical doctors per 10,000 residents. Six small citie
MAVERICK [17]

Answer:

The percentage of variation esplained by the model is given by the determination coefficient, on this case:

R^2 = 0.934^2 =0.872

And we have 87.2% of the variation explained by the linear model given.

\hat y = 5.756(8.5) -36.895=12.031

And we have 12.031 doctors per 10000 residents.

Explanation:

Assuming the following dataset:

x                 y

8.6           9.6

9.3           18.5

10.1          20.9

8.0           10.2

8.3           11.4

8.7            13.1

Assuming this question: "The data has a correlation coefficient of r = 0.934. Calculate the regression line for this  data. What percentage ofvariation is explained by the regression line? Predict the number of doctors per 10,000 residents in a town with a per capita income of $8500."

We want a linear model like this:

y = mx +b

Where m represent the slope and b the intercept for the linear model. And we cna find the slope and b with the following formulas:

m = \frac{n \sum xy - \sum x \sum y}{n \sum x^2 -(\sum x)^2}

b = \frac{\sum y}{n} -m \frac{\sum x}{n}

And from the dataset we have the following values:

n= 6, \sum x =53, \sum y = 83.7 , \sum xy = 755.89, \sum x^2 = 471.04

And replacing into the equation for m we got:

m =\frac{6(755.89) - (53)(83.7)}{6(471.04) -(53)^2}=5.756

And the intercept:

b = \frac{83.7}{6}-36.895 5.756 \frac{53}{6}=-36.895

And then the linear model is given by:

\hat y = 5.756 x -36.895

We can find the estimation replacing x = 8.5 into the linear model and we got:

\hat y = 5.756(8.5) -36.895=12.031

And we have 12.031 doctors per 10000 residents.

The percentage of variation esplained by the model is given by the determination coefficient, on this case:

R^2 = 0.934^2 =0.872

And we have 87.2% of the variation explained by the linear model given.

4 0
2 years ago
JLK is a partnership that was formed two years ago for the purpose of creating new fad items and distributing them directly to c
arsen [322]

Answer:

The correct answer is E. Initial public offering.

Explanation:

An Initial Public Offering (IPO) is an equity offering where a <u>private company</u> or '<u>issuer</u>' decides to <em>go public for the first time</em>. This is a big step for companies to raise capital through public investors, get access to better and more credit and further grow a company. To go through with an IPO, a company must meet the requirements of the Securities and Exchange Comission (SEC).

The process is made with the help of one or more <u>investment banks</u> that act as <u>underwriters</u>. Underwriters take care of the offering from the beginning to the end of the IPO by preparing documentation, providing proposals on selling price, amount of shares & timeframe for the market offering, marketing campaigns and going through the issuing process.

5 0
3 years ago
What is economic of skill ​
Greeley [361]
I would define economies of skill as the characteristics of marketing process in which an increase in the skill of the team causes a decrease in long run average cost per order dollar (COPD).
Hope this helps!! <3
6 0
2 years ago
James employs an apprentice in his guitar store who gets firsthand knowledge of craftsmanship and the process involved in becomi
MrRa [10]

Answer: Having lower opportunity costs.

Explanation: Opportunity cost can be defined as the cost of next best alternative foregone. In this case, James is saving his money by taking work of a professional from a new recruit also he gets the opportunity to procure high quality materials which he was earlier not able to. Thus, he is saving a major portion of income because of a less costly alternative available.

3 0
3 years ago
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