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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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Marie is a small-business owner who loves to take risks. She also enjoys going out and meeting customers and potential clients—t
DerKrebs [107]

Answer:

Conceptual

Explanation:

Conceptual decision making is based on creative thinking and the leader is not afraid to take risks and take the visionary approach to solve his/her problems. In the given scenario, Marie is a risk taker and consider her alternatives taking into account the broader perspective and future possibilities. She is more achievement oriented than finding immediate short term solutions.

7 0
3 years ago
The trial balance of Barger Company at the end of the accounting period, immediately prior to recording closing entries, showed
lesya692 [45]

Answer: $30,600

Explanation:

First calculate the earnings for the year.

Revenue is given. Expenses are also given and come out of revenue. Dividends also come out of revenue as well.

Retained Earnings for the year is therefore,

Retained Earnings for the year = Revenue - Expenses - Dividends

= 62,000 - 44,900 - 2,300

Retained Earnings for the year = $14,800

This figure should be added to the retained earnings of the previous period to find the total balance.

= 14,800 + 15,800

= $30,600

$30,600 is the closing Balance on Retained Earnings after closing entries.

8 0
3 years ago
On January 1, 2018, Olympic Insurance Company granted 30,000 stock options to certain executives. The options are exercisable no
deff fn [24]

Answer:

The additional information for this question is:

January 1, 2016 $14

December 31, 2016 15

What amount should Olympic recognize as compensation expense for 2016?

The correct answer is $50.000

Explanation:

To find this figure, we take as a reference the price of the fair value of the options that is $ 5 on the grant date, multiplied by the options on the shares totaling $ 30,000. Then, it must be divided between the award period that according to the problem is 3 years (2018-2021). This operation results in a total of $ 50,000 that should be recognized as compensation.

3 0
3 years ago
Fresh fish is not an effective form of money. What essential characteristic of money does fresh fish lack that most makes it ine
Misha Larkins [42]

Answer:

Medium of exchange

Explanation:

Fresh fish is not an effective form of money. Fresh fish lacks medium of exchange, which makes it ineffective.

4 0
3 years ago
aylor & Edwards Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,0
fenix001 [56]

Answer:

Unitary prime cost= $170.24

Explanation:

Giving the following information:

Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.

Direct labor= $880,000.

Manufacturing overhead equaled $495,000

The company manufactured 8,400 television sets during the month.

Unitary prime cost= (direct material + direct labor)/number of units

Unitary prime cost= (550000 + 880000)/8400= $170.24

7 0
3 years ago
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