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3 years ago

Critically examine the maximax criteria for decision making under uncertainty

Business

1 answer:

Levart [38]3 years ago

6 0

Explanation:

A decision under uncertainty is when there are many unknowns and no possibility of knowing what could occur in the future to alter the outcome of a decision.

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Florissa's Flowers jointly produces three varieties of flowers in the same garden: tulips, lilies, and daisies. The flowers are

Pachacha [2.7K]

Answer:

1.) Lilies and Daisies received the largest portion of the joint costs.

2.) Daisies received the largest portion of the joint costs.

3.) a. The cost of watering the plants is a large portion of the joint costs and the company follows the same irrigation system for all three varieties of flowers.

Explanation:

Physical unit method :

Joint product _Flo /harvest _prop__JC__Alloc

Tullip ________10 _______0.20 _ 30 __ 6

Lilly _________ 20 ______0.40 _ 30 __ 12

Daisy ________ 20 ______0.40 _ 30 __ 12

Allocation = proportion * joint cost

B.)

Weighted average method :

If daisy requires 3 tines as much as lilies and tulips requires something in between both ;

Then ;

Daisy = 3 ; lilies = 1 ;

Tullips = (daisy + lilies) / 2 = (3 +1) / 2= 4/2 = 2

Weighted average method :

JP_Flo /H_ WF__WFW_W%__pro__JC__Alloc

Tullip_10 __ 2 __ 20 _ 20% _0.20 _ 30 __ 6

Lilly_ 20 ___ 1 __ 20 _ 20% _0.20 _ 30 __ 6

Daisy_20 __ 3__ 60 _ 60% _0.60 _ 30 __ 18

Allocation = joint cost * proportion

6 0

3 years ago

QUIZLET U.S. citizen John is an employee of GE, which is headquartered in the United States. His job responsibilities require hi

ella [17]

Answer:

C) home-country-based

Explanation:

The most appropriate payment method according to the above scenario is the country-based method.

This remuneration is one of the most used by multinationals, it provides international employees with a basic remuneration and incentive package, which matches the differences that occur due to the costs of the international assignment and the same assignment in the employee's country of origin. That is, the transferee remains on the payroll of the country of origin to receive his remuneration.

This payment method is used to protect expatriations between cost differences between home and host countries.

8 0

3 years ago

A sample which looks at the number of vehicles owned per household in chicago in june 2017 is an example of: i. a quantitative d

iogann1982 [59]

Answer:

iv. time series data

Explanation:

a quantitative data set is comprised of data which involves numeric value or some quantity .

a nominal-level data set does not involve any specific value or quantity . These data can not be measured or it can not be put in any order.

a discrete data set : quantitative data may be of two types. 1) continuous 2 ) discrete . Discrete data are separated fro each other .

time series data : These data are dependent on time .

The given data belongs to the category " time dependent data "

7 0

3 years ago

On behalf of the jazz group Fusion, their manager Greg agrees to a performance in Hillside Amphitheatre on July 4. Greg and Hill

Leokris [45]

The type of contract by the parties when manager Greg agrees to a performance in Hillside Amphitheatre on July 4. is An express.

<h3>What is an express?</h3>

An express contract can be regarded as an exchange of promises in where there is oral declaration or written by the parties on a particular term of agreement.

This agreement is been done under the law and bound on both parties.

Learn more about An express at:

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2 years ago

Suppose the government taxes 10 percent of the first $30,000 in income, 20 percent of the next $20,000 in income, and 30 percent

dangina [55]

The marginal tax rate and the average tax rate for a person who earns $70,000 will be $1,443 per month.

<h3>Marginal tax rate </h3>

The marginal tax rate is the amount of additional tax paid for every additional dollar earned as income. The average tax rate is the total tax paid divided by total income earned. A 10 percent marginal tax rate means that 10 cents of every next dollar earned would be taken as tax.

<h3>Average tax rate </h3>

A taxpayer's average tax rate (or effective tax rate) is the share of income that they pay in taxes. By contrast, a taxpayer's marginal tax rate is the tax rate imposed on their last dollar of income. Taxpayers' average tax rates are lower — usually much lower — than their marginal rates.

Learn more about marginal tax rate and average tax rate here :

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6 0

2 years ago

Critically examine the maximax criteria for decision making under uncertainty ​

Critically examine the maximax criteria for decision making under uncertainty