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3 years ago

Effective teams avoid groupthink by striving for team diversity, encouraging open discussion, and what?

Business

1 answer:

Sladkaya [172]3 years ago

8 0

Answer:

B) Collecting and evaluating only information that supports their opinions

Explanation:

Groupthink is a group phenomenon happening when group members' desire for cohesiveness becomes stronger than the critical approach of each member. Decisions that are affected by groupthink become biased and lack arguments which are essential for constructive discussion and effective decision-making.

In order to avoid this group problem, it is good to encourage team diversity (team members with diverse backgrounds and knowledge) and open discussion, where each team member <u>would be backed up with arguments that supports his/her opinion</u>. This is the best way to boost critical discussion and avoid groupthink, which leads to good team decisions.

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Sale price $60 $100 Variable costs $35 $60 Machine hours required for 1 vase 1 2 Total fixed costs are $600,000, and Rose Incorp

MrRissso [65]

Answer:

a) CM1 = 25

CM2 = 40

b) CMmh1 = 25

CMmh2 = 20

c) 25,000 units of Vase 1 and 12,500 units of Vase 2

d) OI = $ 525,000

Explanation:

a. Determine the contribution margin per unit for each type of vase.

The contribution margin per unit is equal to the difference between the sale price and the variable cost per unit:

$CM_1=P_1-VC_1=60-35=25\\\\\\CM_2=P_2-VC_2=100-60=40$

b. Determine the contribution margin per machine hour for each type of vase.

For the Vase 1, the number of machine hours per unit is 1. So the contribution margin per machine hour for Vase 1 is equal to CM1=$25.

For the Vase 2, the number of machine hours per unit is 2. Then, the contribution margin per machine hour for Vase 2 is equal to CM2=$40/2=$20.

c. Determine the number of units of each style of vase that Rose Incorporated should produce to maximize operating income.

There are 3 restrictions:

- Max 25,000 units of Vase 1

- Max 25,000 units of Vase 2

- 50,000 hours of machine hour

As the contribution margin per machine hour is higher for the Vase 1, so we start producing the more we can of Vase 1. The limit is 25,000 units.

Then, we are left with 25,000 machine hours available for Vase 2. We can produce 25,000/2=12,500 units, which is under the market constraint.

d. What is the dollar amount of the maximum operating income as calculated in C above

The operating income for the mix proposed in C is:

$OI=CM_1*q_1+CM_2*q_2-FC\\\\OI=25*25,000+40*12,500-600,000\\\\OI=625,000+500,000-600,000\\\\OI=525,000$

4 0

3 years ago

Kasapreko Company Limited is a wholly Ghanaian-owned company with branches in Nigeria, South Africa and Germany. With relevant e

Tema [17]

Answer:

Explanation:

It should be understood that Kasapreko company limited is a Ghanian company that specialises in the production of herbal beverage products.

And the primary aim or goal of the company is to be able to have branches in every country of the world. But before this could be achieved, the company must be able to meet the demands of its country of production, and be able to attain or collect the necessary documents that will allow it to have branches outside the country it was founded. It must also be able to acquire the necessary licenses to operate in its desired countries.

Presently, the company has branches in countries like Nigeria and South Africa.

7 0

2 years ago

information systems transform raw data into information that can be used to make decisions. What is another important factor to

Reptile [31]

A) The relationship between information systems and organizations is among the fastest-changing aspect of business today.

3 0

3 years ago

Arrange the types of investments in the correct order from the least risky to the most risky investment. property

Tanya [424]

Answer:

Bonds

property

speculative bonds

starting a business

Explanation:

Bonds are low-risk investments. They are issued by governments or highly reputable corporations. The returns from bond investments are almost guaranteed.

Property refers to investing in land or building. They are low-risk investments. Land is always appreciating in value. The possibility of incurring losses is low.

Speculative bonds will experience price fluctuations during a trading session. They offer a chance to make high returns. They are risky due to the high chances of incurring losses.

Starting a business is the riskiest. Almost 82% of all start-ups will fail in their first year.

8 0

2 years ago

Read 2 more answers

. LG plans to structure a transaction as a legal sale of property, even though the economic substance of the transaction is a le

arsen [322]

Answer: LG needs to be aware of the implications around leasing her property or to selling off out rightly.

whether A sale or lease happens between her and the company /individual who wants to buy over or make use of the property. So she cannot ignore the legal formalities and report the transaction as a lease.

Explanation:

5 0

3 years ago