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iVinArrow [24]
3 years ago
14

The team-centered decision-making model is preferred when: relevant information and expertise is found in a few select individua

ls. participation is needed to obtain necessary commitment. concentrating power in a single individual helps the team. popular decisions need to be made.
Business
1 answer:
Law Incorporation [45]3 years ago
8 0

Answer:

Participation is needed to obtain necessary commitment

Explanation:

Decision Making Process is a process of Evaluation of various alternatives available through several methods like forecasting.

During evaluation, risk, time and the efficiency of these alternatives are checked.

Team-centred decision making style is preferable when;

1. Relevant information and how to go about issues cannot be not properly arranged by one person

2. Participation is needed for commitment

3. Making one individual as the central power hurts the team

4. If an uncommon decision is to be made

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1. You have been asked to appraise the market value of a three-bedroom house with two bathrooms that is going to be sold tomorro
Elan Coil [88]

Answer:

Current price of house = $222,000

Explanation:

given data

property that sold = $275,000

values decreasing at rate = $2,000 per week

Each bedroom = $30,000

a bathroom  = $15,000

solution

we get here Price of 3 bedroom & 3 bathroom house (4 weeks ago) is

Price of 3 bedroom & 3 bathroom house (4 weeks ago) = $275,000 - $30,000 - $15,000

Price of 3 bedroom & 3 bathroom house (4 weeks ago)  = $230000

and

reduction in price at $2000 per week for 4 weeks= 4 × 2000

reduction in price at $2000 per week for 4 weeks = ($8,000)

so

Current price of house = $230000 - $8,000

Current price of house = $222,000

8 0
3 years ago
Are futures a good way to save for a retirement?
Tomtit [17]
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3 years ago
Scenario 24-2 The price tag on a golf ball in 1975 read $0.20, and the price tag on a golf ball in 2005 read $2.00. The CPI in 1
zlopas [31]

Answer:

The price of the 1975 golf ball in 2005 is $0.55

Explanation:

In this question, we are asked to calculate the price of a golf ball in the year 2005 which was bought in the year 1975.

Before we begin to answer, we have been seeing CPI, what could this mean?

The term CPI stands for consumer price index. It refers simply to the change in price of a particular goods or services over a specific period of time.

Now, we mathematically propose a solution to the problem as follows;

We identify the following;

CPI in 1975 = 52.3

CPI in 2005 = 191.3

We now calculate the CPI change between the years. This can be done by dividing the CPI in the year 1975 by the CPI in the year 2005. Mathematically;

CPI change between years = CPI IN 1975/ CPI in 2005

= 52.3/191.3

= 0.273

Now, we proceed to calculate the price of the 1975 ball in 2005.

Mathematically;

A 1975 golf ball’s cost in 2005 = CPI change * price of golf ball in 2005

= 0.273 * 2

= $0.55

7 0
3 years ago
Read 2 more answers
Claris Corporation (a multi-product company) produces and sells 7,000 units of Product X each year. Each unit of Product X sells
steposvetlana [31]

Answer:

<h2>C</h2>

<em>Good Luck!</em>

Explanation:

8 0
3 years ago
During a bank reconciliation process, a.outstanding checks and deposits in transit are subtracted from the bank statement balanc
elena-s [515]

Answer:The answer is b

Explanation:

Bank reconciliation statement is a statement prepared to resolve the discrepancy between the bank statements balance and the cash book balance.in the preparation of the bank reconciliation statement, to ascertain the discrepancy we have to compare the debit side of the cash book with the credit side of the bank statement to check for differences in deposit, we will also compared the credit side of the cash book with the debit side of the bank statement to check for differences in withdrawals. Bank reconciliation statement is not an account because double entry principle is not observed in the preparation of the bank reconciliation statement.

In the preparation of the bank reconciliation statement, when starting with the bank statement balance, will have to add the deposit in transit and less the outstading cheque to arrive at the cash book balance. On the other hand, when starting with the cash book balance add outstanding cheque and less deposits In transit to arrive at the bank statement balance

4 0
3 years ago
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