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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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Jackson State University is evaluating two options. It can perform online distance learning upgrades now for $275,000 or it can
Vera_Pavlovna [14]

Answer:

The answer for (a)$442,890 for (b) $364,023.5

Explanation:

<em>From the question, the first set to take is to determine if the Mayor should purchase now or late when,</em>

<em>(a)When inflation is not considered</em>

<em>(b)When inflation is considered</em>

<em>(A) When inflation is considered</em>

<em>Future worth analysis (FWA) = 275, 000 (i +1)^5</em>

<em> =275,000 (1.10)^5</em>

<em>= $442,890</em>

<em>Thus, since FW > $375,000,</em>

<em>The cost of future is less, the Mayor should purchase later.</em>

<em>(B) When inflation is considered</em>

<em>Real rate = ( 1 + nominal/1 +inflation)^-1 = 1.1/1.04 -1 = 0.057 = 5.77</em>

<em>FW = 275,000 (1 +i)^5 = 275,000 (1.0577)^5</em>

<em>=$364,023.5</em>

<em>So FW< 375,000</em>

<em>Because the worth of buying or purchasing is less, the mayor should purchase now</em>

<em />

<em />

3 0
3 years ago
If Adam orders a book from Store X, how much will he owe to the nearest cent? The tax rate only applies to the cost of the book.
Neporo4naja [7]

Answer:

$19.72

Explanation:

The costs associated with ordering from store X are

  • cost of the books $17
  • tax rate 6%
  • Shipping cost 10%

The total cost that Adam will pay

<u>a). cost of the book $17.00</u>

<u>b). 6% tax</u>

=6/100 x $17

=0.06 x $17

=$1.02

<u>c). The shipping rate 10% </u>

=10/100 x $17

= 0.1 x $17

=1.7

Adam will pay =$17 +$ 1.02 +$ 1.7

=$19.72

5 0
3 years ago
You are given the following total utilities of apples and mineral water obtained by
andrezito [222]

Answer:

2 apples and 6 bottles of water

Explanation:

since Bervin earns K22, her consumption possibilities frontier is:

apple                water                  total utils obtained

4 units               1 unit                   90 + 20 = 110 utils

3 units               3 units                75 + 54 = 129 utils

2 units               6 units                55 + 90 = 145 utils

1 unit                  8 units                30 + 98* = 128 utils

0 units               11 units                0 + 98* = 98 utils

The optimal combination of apples and bottles of water is 2 apples and 6 bottles of water because that combination yields the most utils.

*Since the table only states the utils obtained until the 7th unit, we must assume that any additional unit consumed will provide 0 utils.

7 0
3 years ago
Cool Cars Location (Scenario) An automobile producer from Southern Italy, Cool Cars, has developed plans to expand international
S_A_V [24]

Answer:

D. Land and construction costs are comparatively less expensive in Russia than in Canada

Explanation:

Option D would favor Russia ahead of Canada because of the fact that manufacturing costs are cheaper and they have easier access to Capital. I came to this conclusion since it has been stated that land and construction costs are cheaper in Russia.

In Economics the goal of every firm is to minimize cost and to maximize profit. Option D is cost minimizing for cool cars if they want to duplicate their overall success.

8 0
3 years ago
Albright Company purchased as a long-term investment $500,000 of Benton Corporation 10-year, 9% bonds. Required: Present entries
katen-ka-za [31]

Answer:

March 1, purchased securities from Benton Corporation:

Dr Investment in securities 500,000

    Cr Cash 500,000

May 1, sold half of securities plus accrued interest:

Dr Cash 248,550

Dr Loss on investment in securities 5,000

Dr Brokerage fees 200

    Cr Investment in securities 250,000

    Cr Interest revenue 3,750

Securities were sold at 98 or $250,000 x 98% = $245,000, which means that the company lost $5,000 with that investment.

5 0
3 years ago
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