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3 years ago

What is the first step in the management decision making process

Business

1 answer:

Cloud [144]3 years ago

6 0

Decisions aren't always easy to make it! But The first step in your management decision is:

<u>Identify the decision</u>: The first step of making a decision is Identify the decision because you should define the nature of the decision/you must have clearly in your mind what's it, for after that, follow to the next steps of your management process.

After that, you can follow through to the next steps of a management decision:

Gather relevant information / Identify the alternatives / Weight the evidence / Choose among alternatives / Take actions / Review your decisions and its consequences.

You might be interested in

Most four-year colleges want to see that you have participated in community service and extracurricular activities because?

yKpoI14uk [10]

It reflects positively on the college and it shows that you have respect for others are willing to help as well.

4 0

4 years ago

On January 1, Alan King decided to transfer an amount from his checking account into an investment account that later will provi

const2013 [10]

Answer:

The requirement of the question is as below:

How much must Alan deposit on January 1? (Round your final answer to the nearest whole dollar amount.)

What is the interest for the four years? (Round your final answer to the nearest whole dollar amount.)

Alan deposit on January 1 is $ 58,802.39

Interest for four years is $21,197.61

Explanation:

The first is asking for today's worth of the investment,which is the amount to be invested,this can be computed using the present value as shown below:

PV=FV*(1+r)^-n

PV is the present value

FV is the worth of the investment in 4 years from now which is $80,000

r is the rate of return of 8%

n is the number of years of investment which is 4 years

PV=$80,000*(1+8%)^-4

PV=$80,0008(1+0.08)^-4

PV=$80,000*(1.08)^-4

PV =$ 58,802.39

interest for four years=FV-PV

interest for four years=$80,000-$ 58,802.39

=$21,197.61

4 0

3 years ago

A small private entity may use less formal means to ensure that internal control objectives are achieved. For example, extensive

Mama L [17]

I need help on this too

8 0

3 years ago

What are the unique financial reporting implications of the partnership entity in comparison with the proprietorship and corpora

Pie

The financial reporting of the Partnership firm differs from the proprietorship and corporate entities as the closing process of partnership involves creation of the realization account, whereas the another entity not required this.

<h3>What is financial reporting?</h3>

Standard techniques for giving stakeholders an accurate portrayal of a company's finances, including revenues, profits, expenses, cash flow, capital, and official records that provide in-depth insights into financial information, are referred to as financial reporting.

The payment of taxes, fines, and interests has new financial reporting consequences for partnership firms that are distinct from any other sort of business company.

Taxes paid to partners or owners, on the other hand, are accounted for in a transaction with the owners.

Furthermore, the financial reporting implications for a partnership firm differ from those for a sole proprietorship or a corporation, as the partnership business is distinct from the two stated businesses.

The closing process of partnership differs from the another businesses because the closing process of partnership involves the preparation of realization account.

Therefore, the partnership form of business enterprise is differed from the other business.

To learn more about the partnership, refer to:

brainly.com/question/19988417

#SPJ1

5 0

2 years ago

Hey! I need definitions to the following.

kap26 [50]

Answer:

Temperance - moderation or voluntary self-restraint

Justice - just behavior or treatment

Courage - the ability to do something that frightens one

Perseverance - persistence in doing something despite difficulty or delay in achieving success

Loyalty - a devotion and faithfulness to a nation, cause, philosophy, country, group, or person

Commitment - the state or quality of being dedicated to a cause, activity, etc.

Pride - a feeling of deep pleasure or satisfaction derived from one's own achievements

Conviction - the verdict that usually results when a court of law finds a defendant guilty of a crime

Responsibility - the state or fact of having a duty to deal with something or of having control over someone

Self-Discipline - the ability to control one's feelings and overcome one's weaknesses

Compassion - sympathetic pity and concern for the sufferings or misfortunes of others

Humility - the quality of being humble

Vitality - the state of being strong and active; energy

Dedication - the quality of being dedicated or committed to a task or purpose

Assertiveness - confident and forceful behavior

Fidelity - faithfulness to a person, cause, or belief, demonstrated by continuing loyalty and support

Forgiveness - the action or process of forgiving or being forgiven

Integrity - the quality of being honest and having strong moral principles; moral uprightness

Respect for Authority - to feel or show esteem, honor, and appreciation for

Etiquette - the customary code of polite behavior in society or among members of a particular profession or group

Work - activity involving mental or physical effort done in order to achieve a purpose or result

Appreciating Cultural Diversity - It is, well, appreciating cultural diversity! :D

Explanation:

I mean, you could have just searched it up :D

3 0

3 years ago