Answer:
Applied Management Science therefore ensures that decisions made by business managers are products of strategic thinking processes and are aimed at improving operations. In other words, it offers practical information in decision making that is an indicator to success in business.
Explantion :
Management on the other hand refers to the control of activities within the set guidelines and policies for the achievement of specific objectives. Science is the identification, observation, investigation, and explanation of theoretical phenomena. Applied Management Science therefore refers to the science of solving business problems. It assists business managers in making optimal, informed, and satisfactory decisions.
Business managers face complex and dynamic challenges that not only demand forethought, but also call for optimal and informed decisions making to provide solutions to business challenges on daily basis. This calls for developing complex scientific models capable of analyzing the situations and providing indicators that assist managers in decision-making.
Applied Management Science therefore ensures that decisions made by business managers are products of strategic thinking processes and are aimed at improving operations. In other words, it offers practical information in decision making that is an indicator to success in business.
The process of mainstream decision-making has not received mainstream attention because of the dynamic and evolving nature of business challenges. The development of a universally accepted decision making model becomes a big challenge because business decisions change and remain unique within the each business set-up and culture.
Despite the fact that business, education, and psychology communities embrace decision aides, the public may not adopt the application of these aides. This is because most decisions made by the public are personal and may not demand complex processes to determine their levels of accuracy.
Answer:
Current ratio = <u>Current assets</u>
Current liabilities
2.6 = <u>$11,400</u>
Current liabilities
Current liabilities = <u>$11,400</u>
2.6
Current liabilities = $4,385
Quick ratio = <u>Current assets - Inventory</u>
Current liabilities
Quick ratio = <u>$11,400 - $4,000</u>
$4,385
Quick ratio = 1.69
Explanation:
Current ratio is the ratio of current assets to current liabilities. The current ratio and current assets have been provided in the question with the exception of current liabilities. Thus, we will make current liabilities the subject of the formula.
Quick ratio is calculated as current assets minus inventory divided by current liabilities. Since the current liabilities have been calculated. Then, we will divide the difference between current assets and inventory by current liabilities so as to determine the quick ratio.
the assistance and advice provided by a company to those people who buy or use its products or services.
<span>It's false that uncollectible accounts should not be estimated because it is impossible to know which accounts will not be collected. </span>
Typical performances of the entire “Messiah” are usually around 2 1/2 to 3 hours long
