1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Monica [59]
2 years ago
10

In the decision-making process, you must take into account several cultural variables. Describe one of the variables associated

with risk tolerance and one of the variables associated with internal/external locus of control. Why are these important factors to consider? Your response must be at least 300 words in length.
Business
1 answer:
postnew [5]2 years ago
7 0

Answer:

Explanation to this Answer is explained below in detail.

Explanation:

There is always a need to have an important control upon the decisions that we have in the business setup. Informed decision making is very necessary for business. People use different decision setups designed to help in the manufacturing process and most often come up with very fruitful decisions.

Describe one of the variables associated with risk tolerance:

One of the cultural factors associated with risk tolerance may be the threshold for when we can make decisions that are not detrimental to the cultural view of groups. We need to carefully consider our employees and make sure that our decisions are not too objective. Cultural-emotional bias can lead to decisions that can damage brand ownership throughout the business. This is very dangerous and detrimental for any company, so it is necessary to limit decisions and their consequences in terms of cultural sense to avoid any losses.

Describe one of the variables associated with internal/external locus of control:

The internal locust of control is the kind of person who is the best fit for all the jobs. So it is obvious that this person has some control over others. But there are some do's and don'ts for such kind of person as well. Such as, he has to communicate with almost everyone in the workplace. So, he must ensure neutrality in all aspects of other people with whom he is working. Such aspects are religion, race, caste. society etc. and his humor must not harm the emotions of anyone in the workplace.

Why are these important factors to consider?

In order to run business smoothly with maximum profits and best workforce and the best workplace. Effective decision making is the key to go. Hence, these variables are very important to achieve the effective business decision making in the long term.

You might be interested in
Which of the following is a function of a commercial bank? *
Zarrin [17]

Answer:

lending of depositor's funds

3 0
2 years ago
According to rational expectations, stock prices are actually... a. the discounted value of all future cash flows associated wit
Stells [14]

Answer:

a. the discounted value of all future cash flows associated with the stock.

Explanation:

Stock prices can be seen as an estimated future value of the security. When investors buy shares they look at the performance of the business and buy shares based on this future analysis.

Also the issuer values the shares based on their future forecast of financial performance. For example when a share is issued for $1,000,000 the business would have estimated performance will justify the share price in the future.

7 0
3 years ago
Which type of tax does the fedreal goverment collect​
Elina [12.6K]

income tax majorly they depend majorly on income tax

4 0
2 years ago
During the holiday season, Maria's Department Store works with a contracted employment agency to bring extra workers on board to
nekit [7.7K]

There could be a lot of choices that would fill in this blank:

seasonal workers

Temporary labor

seasonal labor strategy.

Is there a list of choices?

4 0
3 years ago
Read 2 more answers
The doctor told ellie and tom to compute the gestational age of their fetus by determining the time of
Ierofanga [76]

<span>In order to compute the gestational age of their fetus by determining the time of last menstrual period. Gestational age is also called the menstrual age which measures the age of the fetus. Gestational age is usually being computed by the date of the last menstrual period of the mother and by doing an obstetric ultrasound to verify the size of the fetus and thru this it can estimate the gestation age of the fetus. </span>

7 0
3 years ago
Other questions:
  • Energy Resources Ltd. does business in 50 countries around the world. The company stresses to all employees the importance of un
    5·2 answers
  • Pump prices slide as crude oil falls to​ six-year low The average price for regular gasoline at U.S. pumps fell almost 4 cents i
    15·1 answer
  • What is the difference between anomaly based monitoring and signature based monitoring?
    10·1 answer
  • One of the most important ingredients in bubble tea is the tapioca pearls that are added to the tea. If the price of tapioca flo
    8·1 answer
  • 45.7mL/s to kL/hr convert
    6·1 answer
  • Suppose that the demand for picture frames is highly inelastic, and the supply of picture frames is highly elastic. A tax of $1
    11·1 answer
  • In an Argand diagram, the point P represents the complex number z, where z = x + iy. Given that z + 2 = λi(z + 8), where λ is a
    7·1 answer
  • A person that studies how economic theories such as capitalism, socialism, and
    10·1 answer
  • What is allowable self-employment plan contributions.
    7·1 answer
  • What is one of the biggest challenges when companies are committed to sustainability?.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!