Answer:
Nominal group technique which is sometimes denoted as NGT is type of decision making approach that first step include identification of problems and then resolve them.
Explanation:
Nominal group technique which is sometimes denoted as NGT is type of decision making approach that first step include identification of problems and then resolve them.
This type of approach want every single member involvement and their ideas to be share among the present group. The main advantage of this approach is that it include every individual participation, chaos or noise between the discussion is less.
The manager of sporting items for outdoor adventures is Ezra. His monetary outlays have outpaced his cash receipts during the last six months. The outdoor adventure industry has a cash flow issue.
Although profitability may be the most important indicator of a company's success, maintaining a steady level of cash flow on a daily basis is essential if your organization is to survive and expand.
When the amount of money leaving the organization exceeds the amount of money coming in, there is a cash flow issue. This results in a lack of liquidity, which might hinder your capacity to pay bills, make loan repayments, and run business profitably.
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Answer:
In my opinion Jack believes in the efficiency wage theory. This theory states that an increase in wages will increase labor productivity, lower staff turnover and attract the best possible employees.
So when Jack increases his employees' salaries, their increased productivity will recoup the extra labor costs. At the end, Jack believes his profit will increase because of the higher wages he pays.
Answer: The correct answer is d). efficiently, effectively
Explanation: Efficiently means accomplishing the objectives with a minimum of resources while Effective means having the intended result.
Management is a critical process in any organisation. It prevents wastage and ensures that the goal of the organisation is met appropriately.
Formula: FV = PV(1+ r)^n
Fv is the future value, Pv is the present value, r is the interest rate, n is the number of periods.
FV = $100(1 + 0.06)^(6*2) = $201.22
