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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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A local club is selling christmas trees and deciding how many to stock for the month of december. if demand is normally distribu

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Answer:

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Explanation:

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3 years ago

Why is going to a restaurant to eat dinner both a good.and a service

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Read 2 more answers

An investment project has annual cash inflows of $4,300, $4,000, $5,200, and $4,400, for the next four years, respectively. The

xeze [42]

Answer:

1.64 years

2.27 years

3.13 years

Explanation:

Discounted payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative discounted cash flows

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1 = -5800 + 3805.31 = -1994.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2 =-1994.69 + 3132.59 = 1137.90

Payback period = 1 + 1994.69/3132.59 = 1.64 years

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1 = -7900 + 3805.31 = -4094.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2 = -4094.69 + 3132.59 = -962.10

Present value of cash flow in year 3 = 5200 / (1.13^3) = 3603.86

Amount recovered in year 3 = -962.10 + 3603.86 = 2641.76

Payback period = 2 years + -962.10 / 3603.86 = 2.27 years

Present value of cash flow in year 1 = 4300 / 1.13 = 3805.31

Amount recovered in year 1 = -10900 + 3805.31 = -7094.69

Present value of cash flow in year 2 = 4000 / (1.13^2) = 3132.59

Amount recovered in year 2 = -7094.69 + 3132.59 = -3962.10

Present value of cash flow in year 3 = 5200 / (1.13^3) = 3603.86

Amount recovered in year 3 = -3962.10 + 3603.86 = -358.24

Present value in year 4 = 4400 / (1.13^4) = 2698.60

Amount recovered in year 4 = -358.24 + 2698.60 = 2340.36

Payback period = 3 years + 358.24 + 2698.60 = 3.13 years

7 0

2 years ago

A university is struggling financially, and has just formed a board of trustees and invited 25 of its wealthiest alumni to join

Pani-rosa [81]

The process adopted by the university in inviting its wealthiest alumni to join the board is an example of Co-optation.

<h3>What is Co-optation?</h3>

In business term, the term "Co-optation" is a process adopted by a firm by acculturating a smaller group with related interests because they will gain some values collectively therein.

In conclusion, the process that is adopted by the university in inviting its wealthiest alumni to join the board is an example of Co-optation.