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irakobra [83]
3 years ago
8

What does making a good decision mean?? How can I make a good decision?

Business
1 answer:
kherson [118]3 years ago
5 0

Answer:

A good decision is one that is made deliberately and thoughtfully, considers and includes all relevant factors, is consistent with the individual’s philosophy and values, and can be explained clearly to significant others.

Ways to make good decision:

  • Set Aside Time to Reflect on Your Mistakes
  • Stop Thinking About the Problem
  • Frame Your Problems In a Different Way
  • Identify the Risks You Take
  • Take Note of Your Overconfidence
  • Talk to Yourself Like a Trusted Friend
  • Label Your Emotions
  • Acknowledge Your Shortcuts
  • Consider the Opposite
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My grandma just died and when my dad told me this he said lol what does it mean?
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​sheldon goes to the grocery store to buy a few items, and when he gets there he can remember only the last few things that he w
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When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction
Dahasolnce [82]

Answer:

True

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Information asymmetry occurs when one of the two parties in a transaction has more information than the other. This causes the person that has the least information to likely make bad decisions.

In the question, we have an example of information asymmetry: incumbent managers simply have more information about the companies, because they have actually worked in managing them.

Outside managers, while as qualified as incumbent managers, do not have as much information about the companies, because they have not actually worked there.

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3 years ago
While visiting a client to deliver their 2019 tax documents, one of the owners approaches you and states: "The IRS says my trave
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Answer:

Commuting refers to travelling from your home to your workplace. It generally refers to the distance that people generally travel to get to their office or any type of workplace.

While business travel refers to not only leaving your house to go to work, but actually going somewhere else to perform your regular business activities, e.g. going form one state to another to close a sale. In order for business travel to be effectively recognized as such, it must be necessary for your business activity and it should last more than one ordinary workday.

In this case, your client continuously leaves his house and goes form one state to another performing his normal business activities. This perfectly fits the IRS's definition of business travel.

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There are only two real costs of inflation in this economy. Inefficient management of transactions due to low currency balances and the need to change advertised prices more frequently (so-called menu costs).

Today, contractionary monetary policy is the more popular way to control inflation. The goal of contractionary policymakers is to reduce the money supply within the economy by raising interest rates. 5 This slows economic growth as borrowing costs rise and consumers and businesses spend less.

Learn more about policymakers at

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