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hodyreva [135]
4 years ago
15

What are the six basic step of the problem solving process?

Business
2 answers:
enyata [817]4 years ago
8 0

Answer:

Step 1: Identify and define the problem.

Step 2: Generate possible solutions.

Step 3: Evaluate alternatives.

Step 4: Decide on a solution.

Step 5: Implement the solution.

Step 6: Evaluate the outcome.

balandron [24]4 years ago
3 0

Answer:

1. Identify The Problem

2. Analyze The Problem

3. Develop The Solutions

4. Implement A Solution

5. Evaluate The Results

6. Standardize The Solution

Explanation:

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If the price of Good Y falls from $10 to $8, and the quantity supplied of it falls from 1,000 units to 600 units, the price elas
dexar [7]

Answer:

Price elasticity of supply = 2.25

Explanation:

Price elasticity of supply is defined as the degree to which quantity of a product supplied is sensitive to changes in price.

In a competitive market when the price of a good increases its supply also increases. This is because suppliers want to make more profit from the higher product price.

Price elasticity of supply = %∆ Quantity ÷ %∆ price

Price elasticity of supply = {(600 - 1000) ÷ (1000 + 600)/2}/ {(8 - 10) ÷ (10+8)/2}

Price elasticity of supply = -0.5 ÷ -0.2222

Price elasticity of supply = 2.25

8 0
3 years ago
Glenville Company has the following information for April:
AURORKA [14]

Answer:

cost of goods manufactured= $144,000

Explanation:

Giving the following information:

Cost of direct materials used in production $48,000

Direct labor 59,000

Factory overhead 37,000

Work in process inventory, April 1 40,000

Work in process inventory, April 30 40,000

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 40,000 + 48,000 + 59,000 + 37,000 - 40,000

cost of goods manufactured= $144,000

8 0
3 years ago
The OSHA standards for Construction and General Industry are also known as what
algol13
The Occupational Safety and Health Administration or OSHA standards are also known as part 1926 and part 1910
7 0
4 years ago
Suppose that the average annual return on the Standard and Poor's 500 Index from 1969 to 2005 was 14.8 percent. The average annu
IrinaK [193]

Answer:

Market risk premium = 9.2%

Explanation:

The market risk premium is the difference between the market returns and the t bill yield. To calculate the market risk premium of this duration we will need to subtract the average annual t bill yield from the average annual return on the standard and poor's 500 index.

14.8-5.6=9.2

8 0
3 years ago
Keenan received a number of letters from his constituents complaining that traffic in their city is too congested. He discussed
BlackZzzverrR [31]
They would be engineers or civil contractors. Hope it helps! :) If you could vote my answer as the brainiest, that would be awesome! :)
3 0
4 years ago
Read 2 more answers
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