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Bond [772]
3 years ago
8

Select the first and last steps in the decision-making process. Identify the decision to be made. Gather information and data. S

elect the best option. Develop a plan of action.
Business
2 answers:
zhenek [66]3 years ago
5 0

Decision making is a process that uses a step by step approach to reach at a decision.

There are several steps involved in the decision making process. These are

1) Identify the decision

2) Gather information

3) Identify Alternatives

4) Choose among the Alternatives

5) Take the Decision

6) Review the Decision

So in this question, the Identification of decision and the Review of Decision are the first and last steps respectively in the decision making process.

Anvisha [2.4K]3 years ago
3 0

The first step is:

Identify the decision to be made

The last step is:

Develop a plan of action.

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Distinguish between the short run and the long run. In the short​ run, ______. In the long​ run, ______.
kenny6666 [7]

Answer:

B. the quantity of only one factor of production is​ fixed; the quantities of all factors of production can be varied

Explanation:

  • As in the short run a firm can have a conceptual fixed time, while the other factors are variable in amount as the foxed costs have no impacts on the short run but may tend to have an impact on the form longer run that could potentially increase the output that could be increased by increasing the number of variable costs.
  • Thus, in short, the form is in a monopolistically competitive market hence the quantity of at least one input is fixed.
5 0
3 years ago
Assume the service rate for a queue in a truck-loading operation is 2 trucks per hour. Using the infinite queuing notion for the
ivolga24 [154]

Answer:

C: 0.5 hours

Explanation:

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3 0
3 years ago
A CFO is looking at the end-of-year financial statements. His goal is to identify the store that performed the best over the pas
beks73 [17]

Answer:

All accounting process are important.

Explanation:

All the recording of facts are important because the recording of facts enables the company to look the company with a financial perspective. In this scenario the accounting system can be used to see which store has generated more than the rest of the stores and will help CFO to reward the staff and use their tactics to implement in the other stores to increase the efficiencies of other stores.

7 0
3 years ago
Anderson Corporation has provided the following production and average cost data for two levels of monthly production volume. Th
nata0808 [166]

Answer:

Option (D) is correct.

Explanation:

Calculation of total manufacturing overhead:-

4000 units manufacturing overhead:

= Production volume ×  Manufacturing overhead

= 4,000 × $94

= $376,000

5000 units manufacturing overhead:

= Production volume ×  Manufacturing overhead

= 5,000 × $77.60

= $388,000

Variable cost per unit:

=\frac{5000\ units\ manufacturing\ overhead-4000\ units\ manufacturing\ overhead}{1000}

=\frac{388,000-376,000}{1000}

= 12

Fixed cost = Total cost - variable cost

                 = $388,000 - 5,000 × 12

                 = $388,000 - $60,000

                 = $328,000

So total monthly fixed manufacturing cost is $328,000.

7 0
3 years ago
The older term, social service, referred to advancing human welfare. The new term, meaning to provide for the needs of various p
Mazyrski [523]

Answer:

Social welfare

Explanation:

The term <u><em>“social welfare”</em></u> does not have a precise definition. Currently, social welfare refers to a wide range of activities and services by volunteers, non-profit organizations and governmental agencies providing help to needy persons unable to care for themselves; activities and resources designed to enhance or promote the well-being of individuals, families and the larger society; and efforts to eliminate or reduce the incidence of social problems

8 0
3 years ago
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