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3 years ago

Which of the following is a limitation of group decision making?

Business

1 answer:

Paul [167]3 years ago

6 0

Answer: The correct answer is "A. It may get bogged down by overanalysis or influenced by haste.".

Explanation: Making group decisions is not always the best option. That depends on the objectives that an organization wants to achieve, and even on other types of factors such as time, the search for consensus or the assignment of responsibilities.

It can have advantages such as: Access to more information and more complete knowledge, Quality in terms of decision making, There are different points of view.

And disadvantages such as: It consumes more time, It generates pressure for compliance.

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You wish to buy a cabin in 15 years. TODAY, the cabin costs $150,000. You believe the price of the cabin will inflate at 4% annu

vfiekz [6]

Answer:

I will need to invest 64,669.73 dollars now.

Explanation:

We will calcualte the future value of the cabin considering the inflation:

$Principal \: (1+ inflation )^{time} = Amount$

Principal 150,000.00

time 15 years

inflation 0.04000

$150000 \: (1+ 0.04)^{15} = Amount$

Amount 270,141.53

Then we calculate the present value of the lump sum at 15 years discounted at 10% which is the yield of the funds

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 270,141.53

time 15 years

rate 0.10

$\frac{270141.53}{(1 + 0.1)^{15} } = PV$

PV 64,669.73

we would need to deposit 64,669.73 today to get enough cash to purchase the bcabin in 15 years.

5 0

3 years ago

Assume the process of obtaining a driver's license is considered too long because of too few people who can administer the fina

vfiekz [6]

Answer:

Process resources.

Explanation:

Assume the process of obtaining a driver's license is considered too long because of too few people who can administer the final driving test. One way to resolve this problem is to hire more people who can give the driving test. This is an example of a change in process resources.

Process resouces: It is a management strategy to resolve operational issue and get smooth work flow in the process by hiring more resources to reduce waiting time and deliver the services as per expectation and on the time. It show the operational efficiency of process.

In the given case, hiring more people to adminster driving test will help in reducing the waiting time of customer and deliver services as per expectation.

8 0

3 years ago

What might be some areas you may consider developing or working on for professional success in a business workplace environment?

Dima020 [189]

Answer:

Laborers must feel good in the spaces they work in. Inability to give satisfactory working conditions makes pressure and lack of concern, which thus will influence profitability and conduct.

Explanation:

A sound working environment condition is perfect with regards to keeping up a positive result in a distressing climate.

A sound working environment condition improves efficiency and decreases costs identified with non-appearance, turnover, laborers' remuneration, and restorative cases.

3 0

3 years ago

Which job would require a license or certification? ambassador lobbyist high school teacher state senator

xz_007 [3.2K]

The correct answer is HIGH SCHOOL TEACHER.
A license or a certification is one of the major method that the government used to ensure that the right set of people are employed to do a particular job. Take teaching, nursing and doctoring for instance, these professionals render their services directly to the people and they have great impacts on the people they attending to, sometimes, the way they render their services to their customers determine whether these people will die or live. So, the government has to ensure that qualified and appropriate people are handling these jobs, that is why certificates and licences are needed to do these kinds of jobs.

5 0

3 years ago

Read 2 more answers

Given this project and the requirement that the number of resources working on a task cannot be less than the number assigned to

SashulF [63]

Answer:

c) 5 days, 7 workers

Explanation:

The longest task is Task-1 which takes 5 days.

All the tasks are parallel. So, the length of the project should be 5 days. The resources employed are just the total of all the tasks i.e. 2+2+1+1+1 = 7.

5 days, 7 workers

7 0

4 years ago