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bija089 [108]
3 years ago
9

Chester, the operations manager at a chemical manufacturing company, finds that the air pollutants released by the company have

become very high. To arrive at a decision to resolve the issue, he defines the problem and then identifies decision criteria. In the context of rational decision making, which of the following is the next step that Chester should ideally take?
-Computing the optimal decision

-Weighing the decision criteria

-Generating alternative courses of action

-Making absolute comparisons
Business
1 answer:
sergeinik [125]3 years ago
6 0

Answer:

The correct answer is weighing the decision criteria

Explanation:To find out the solution to any problem it is necessary that decision has to be taken.A possibility can be regarding various decisions.But which decision is more important and which is less important ,it has to be considered.

For this Chester has to assign weights to each criteria depending upon the importance of that decision criteria .This will help him to prioritize effectively.It will give him more clarity on decision making.

Steps for weighing the decision criteria

  1. Identify the criteria:Identify the key factors that matters.It means what important decisions Chester has to take to resolve the matter.All those decisions have to be considered.
  2. Rate the criteria:Give weights to all the decision criteria.More weights to important decisions and less weights to less important decisions.
  3. Rate your options against criteria and multiply by weights.

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Corporation has found that ​% of its sales in any given month are credit​ sales, while the remainder are cash sales. Of the cred
Reika [66]

Answer:

Some information is missing, specifically the % of credit sales. Similar questions use 80%, so I will use that %. Also, November sales were $85,000 and December sales were $115,000.

<h2>                               <u>Cash collections budget</u></h2>

                                                January              February             March

Cash sales                               $30,000            $26,000              $35,000

Collection from Nov. sales      $16,320

Collection from Dec. sales     $36,800             $22,080

Collection from Jan. sales      $24,000            $48,000              $28,800

Collection from Feb. sales                                $20,800               $41,600

<u>Collection from March sales                                                          $28,000</u>

Total cash collections            $107,120             $116,880             $133,400

3 0
3 years ago
"_____ are groups of concerned citizens who band together to try to influence the business practices of specific industries, bus
Nastasia [14]

Advocacy groups are groups of concerned citizens who band together to try to influence the business practices of specific industries, businesses, and professions.

Explanation:

Advocacy groups are important components of consumer rights in the capitalistic market and are essential for maintaining good business practices in the capitalistic society where competition can take a hold over the moral situation that should in  a sense dominate.

The advocacy groups that work this way are the ones who are a group of concerned citizens who band together to try to influence the business practices of specific industries, businesses, and professions. This is important for consumer rights for this sector to be strong.

5 0
3 years ago
Economic growth in the country of Southville has slowed down in the last few months. Following a collapse in housing​ prices, se
skad [1K]

Complete Question:

A. According to census data, the percentage of Southville's population that lives in rural areas has gradually been shrinking.

B. The standards for obtaining a mortgage loan in Southville have been more stringent compared to many other countries.

C. Prior to the crisis, the prices of existing homes also increased in proportion to the prices of new homes in Southville.

D. A large proportion of home buyers in Southville were individuals who already owned one or more houses.

E. The inflation-adjusted real wage in the construction industry increased by 10 percent prior to the crisis.

Answer and Explanation:

Options A and D would weaken Bob's argument. The reason why option A would weaken Bob's argument would be because Bob said that the population is increasing whereas the according to the census data, the population has gradually been shrinking.

The reason for option D is that the individuals who already owned houses were buying new houses. So what was the need for them to buy additional new houses?

4 0
3 years ago
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 u
arlik [135]

Answer:

B) $.10.

Explanation:

All the cost used in the production process is called production cost.

Capital cost = Units x Cost per unit = 2 x $10 = $20

Raw Material cost = Units x Cost per unit = 5 x $4 = $20

Labor cost = Units x Cost per unit = 8 x $3 = $24

Total Cost = Capital cost + Raw Material cost + Labor cost

Total Cost = $20 + $20 + $24 = $64

Cost per unit = Total cost /  Number of units = $64 / 640 = $0.10

6 0
3 years ago
What will happen to return on investment (ROI) if current assets decrease while everything else remains the same (assume the cur
swat32

Answer: There would be an increase on return on investment (ROI) if current assets decrease while everything else remains the same

Explanation: This is because when the profit(returns) is constant, but the assets drops in value, the new ROI will be relative drop in value of asset.

5 0
3 years ago
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