Data Analysis - Process. Data Analysis is a process of collecting, transforming, cleaning, and modeling data with the goal of discovering the required information. The results so obtained are communicated, suggesting conclusions, and supporting decision-making.
Simply put, Decision making is defined as the process involved in making a decision. It involves comparing alternatives and finding a solution to a problem.
The four styles of decision making are directive, analytical, conceptual and behavioral. Each style is a different method of weighing alternatives and examining solutions.
Kyle prefers to base decisions on lots of data, both objective data from information systems and qualitative data from people - Analytical decision style
Bill prefers simple, clear-cut solutions to problems. - Directive decision style.
Josie likes to talk to people one on one to find out how the decision will affect them - Behavioural decision style.
Answer:
b. Jacob should be hired at the $20 per hour wage rate
<u>Options</u>
a. Sophia should do the drafting work herself because she has the lower opportunity cost
b. Jacob should be hired at the $20 per hour wage rate
c. Sophia should not hire Jacob because it would be faster for her to do the work herself
d. Jacob should be hired, but only if he is paid more than $30 per hour
Explanation:
Sophia cannot fullfil their client request on time without hiring an employee Assuming Jacob is the best possible candidate for Sophie she should consider to hire it as three hours of Jabor will cost 60 dollars while an hour of his work is worth 90 dollars
Thus, making convinient to hire it as there is a profit of 30 dollars.
We should also conider jacob will earn experience over time and this will make it a better employee in the long-run.
Answer:
A.) Write a business plan
Explanation:
A business plan is a docent that describes nature of the business, growth and sales strategies, and projected profits.
It is a road map that shows how a business will be set up, how it will function to meet set goals, and financial projections that demonstrates the viability of the business idea.
Deon will have to come up with a business plan that summarises his vision of setting up the car wash. On the basis of this SCORE will make a decision about helping him start the company.
Answer:
a. A company's book value reflects the company's history of equity investment and retained earnings; a company's market value reflects investor's view of the company's future earning prospects.
Explanation:
The book value of a company is the residual equity and retained earnings after all liabilities paid. Market value is the view of investor's about the company and is what the company would be worth if it were to be sold.
