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Dafna1 [17]
3 years ago
10

Summarize three reasons why it is important to use critical thinking.

Business
1 answer:
shtirl [24]3 years ago
3 0

Answer:

Improve communication strategies

Support smooth operations

Streamline product development

Explanation:

<u>Improve communication strategies</u>. Communicating with different types of people requires defining the needs of the target audience, which demands critical thinking. For example, if a company is being bought out by a competitor, the CEO must consider how this will impact everyone, from low-level employees to investors, and determine what messages to convey to each party. Acting quickly is essential, as he or she should be the first to give the employees the news to maintain their trust.

<u>Support smooth operations. </u>Maintaining daily operations in an ever-changing environment requires constant critical thinking. For example, if the power goes out at a restaurant and there is no emergency generator, the manager must decide not only what to do with the customers and staff but also whether and how to salvage refrigerated food. The quicker the manager acts, the more likely he or she is to make the best of an unfortunate situation.

<u>Streamline product development.</u> A product development role requires multiple decisions to ensure efficacy, marketability and safety. For instance, if a company is marketing a new kitchen gadget, designing it a certain way would make it look more appealing, but that design could also make it more difficult to use. Should the company prioritize function or fashion? The sooner it reaches a decision, the sooner production can begin.

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vesna_86 [32]
Provide information such as the name address date of birth and social security number verify the account provide identification deposit at least the minimum balance sign an authorization card
4 0
3 years ago
Read 2 more answers
To derive the demand curve we assume that A. marginal utility is constant. B. tastes are constant. C. prices are constant. D. re
Tems11 [23]

Answer:

C. prices are constant.

Explanation:

  • A demand is the scheduling the price of all the commodity as content and is derived as the price of the goods may changes in the future as general the demand curve is downward sloping and is shown by the equilibrium prices and movement along the curve takes place when the change in price causes the quantity demanded to change.
5 0
3 years ago
A U.S. bank has £120 million in loans to corporate customers and has £70 million in deposits it owes to customers with the same
postnew [5]

Answer:

£30 million

Explanation:

Banks net exposure serves as the the money currently owned by the bank.

Credit to bank;

Loans to corporate customers is bank's money since customers will repay the loan back to the bank even with interest = £120 million

Total credit owned by the bank =

£120 million

Debit;

Deposit owned to customers = £70 million (It is customers money not bank's)

Money sold forward by bank is also going out of banks pocket (debit) =£20 million

Total debt owned by bank = £70 million+£20 million = £90 million

Bank's net exposure = Total credit - debt owned by bank

Banks net exposure = £120 million - £90 million

= £30 million

6 0
3 years ago
Which industry is a good example of the involvement by business in washington lobbying as their number of lobbies has skyrockete
yulyashka [42]

The Healthcare industry is a great example of how the industry has become involved in Washington lobbying, as the number of their lobbies has increased recently.

According to the Public Disclosure Commission (PDC), lobbying is "attempting to influence the approval or rejection of any rule, standard, rate, or another legislative enactment by any state agency under the state Administrative Procedure Act, RCW.

In  Washington, the sector that has spent the most on lobbying over the past 24 years is the pharmaceutical and health goods sector. Insurance, electric utilities, electronics manufacturers, and business groups are further businesses that spend a lot of money on lobbying.

The pharmaceutical and health goods business has outspent all others in lobbying spending $5.17 billion total.

To learn more about Lobbying

brainly.com/question/17015528

#SPJ4

6 0
2 years ago
Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You nee
sleet_krkn [62]

Answer: 2.72%

Explanation:

An annuity is a series of payments that is made at equal intervals. Examples are monthly home mortgage payments, regular deposits to a savings account, pension payments.

Number of payment period (NPER) = 12 years

Payment per period (PMT) = $15000

Amount needed, PV = $156000

The formula for an annuity is calculated as:

P = PMT x ((1 – (1 / (1 + r) ^ -n)) / r)

= Rate(12,15000,-156000,1)

Rate = 2.72%

7 0
3 years ago
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