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aleksandr82 [10.1K]
3 years ago
7

Put the following steps of the problem solving process in correct order. Question 2 options: Implement the Model Identify what i

s the problem Develop the model / Acquire the data Do the results look right
Business
1 answer:
netineya [11]3 years ago
7 0

Answer:

I. Identify what is the problem

II. Acquire the data

III. Develop the model

IV. Implement the Model.

V. Do the results look right.

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation and all efforts is channeled in the right direction rather than the symptoms.

2. Gathering of information: this helps to consider the options available in solving a problem effectively.

3. Consider your options: this helps to compare the available and viable solutions to the problem.

4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.

Hence, the fundamental steps of the problem solving process in the correct order are;

I. Identify what is the problem

II. Acquire the data

III. Develop the model

IV. Implement the Model.

V. Do the results look right.

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Money's advantage over other financial assets is that it has less fluctuating value, is more accessible, no extra charges.

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2 years ago
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lozanna [386]

Answer:

B) clan culture

Explanation:

Clan culture: This refers to an organization set up more like a family-like or tribe-like in order to promote unity among customers and employees.

Clan culture are team-oriented because they promote working together as a team in order to achieve their aims and objectives.

Jason and Jill have built a clan culture where they made their employees and customers feel like family. They are concerned about the welfare of their customers and employees.

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4 years ago
The next two questions refer to the following fictional financial statement from Katie's Kicks: Revenue: $500,000 Shoes: $250,00
balu736 [363]

Answer:

502

Explanation:

In this question, we are asked to calculate the number of additional shoes to be sold to cover a $25,000 investment in advertising whilst also maintaining current contribution to the company.

Firstly, we calculate the sum of variable expenses;

This is the sum of shoe boxes and shoes = 1,000 + 250,000 = 251,000

Now, we proceed to get the contribution margin.

Mathematically, contribution margin = Revenue - Total variable expenses = 500,000 - 249,000 = 251,000

The contribution margin per part can be calculated as ;

Contribution Margin/currently selling pairs of shoes= 249,000/5000 = 49.8

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4 years ago
Candlewood LLC started business on September 1, 2019, and adopted a calendar year. During 2020, Candlewood incurred $6,500 in le
kakasveta [241]

Answer:

The answer to this question can be described as follows:

Explanation:

The beginning expenses relate to the costs incurred in starting of the company. Once starting Activities lead to successful trade, instead of investment amounts. It can be removed throughout the taxable income for the company will be the year of graduation. In this question two blank is available, which can be described as follows:

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The interest on the note for this period is ending 2021 is,

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The entry on 31 December will be

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8 0
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