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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.

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Which typically results from the introduction of the assembly line into the production process?

raketka [301]

The answer is<u> "efficiency is increased".</u>

An assembly line is a manufacturing process in which compatible parts are added to an item in a successive way to make a final result. Much of the time, an assembling mechanical production system is a semi-mechanized framework through which an item moves. At each station along the line some piece of the generation procedure happens. The laborers and hardware used to create the thing are stationary along the line and the item travels through the cycle, from beginning to end.

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3 years ago

Identify the type of adjustment that would most likely be needed. Business B purchased a piece of equipment to be used in operat

Deffense [45]

Answer: c . Depreciation

Explanation:

When accounting for fixed assets, it is important that they are recorded at their book value to reflect the effects of being utilized. This means that depreciation needs to be charged on fixed assets.

Even though the equipment in question was only purchased 2.5 months prior to the financial reports being made, depreciation still needs to be accounted for such that the equipment is represented at its book value in the financial statement.

7 0

3 years ago

Assume US GAAP to answer this question. In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 millio

kari74 [83]

Answer: a. Liabilities increased by $1.0 million in 2018

Explanation:

In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.

The money remaining in cash after the wage settlement was:

= 9,000,000 - 2,000,000 - 8,000,000

= -$1,000,000

This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.

This account is a liability account so liabilities in 2018 would increase by $1,000,000.

6 0

3 years ago

Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,0

yuradex [85]

I’m not sure but I think it’s A
sorry if it’s wrong

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3 years ago

Which statement best describes the performance of mutual funds over the last 4 or 5 decades? A. While some mutual fund managers

madam [21]

The correct option is (d).

Choosing the best mutual funds by comparing performance of mutual funds against a benchmark index.
Money market funds, bond funds, stock funds, and target date funds are the four primary categories into which most mutual funds fit.
Each variety has unique characteristics, dangers, and benefits.
The rate of return is subtracted from the risk-free rate of return for the investment, and the result is divided by the return on investment's standard deviation.

The Sharpe ratio tells investors if an investment's results are the result of prudent investing decisions or an outcome with excessive risk.

Learn more about mutual funds performance brainly.com/question/9000802

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3 years ago