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Zanzabum
3 years ago
7

Managers must decide when to make decisions themselves and when they should involve a group. This activity is important because,

as a manager, this decision will require you to weigh the advantages and disadvantages of using group decision making. The goal of this exercise is to challenge your ability to categorize the advantages and disadvantages of group decision making.
Read each statement and determine if it is an advantage or a disadvantage of group decision making.

a. There is a greater pool of knowledge to draw from.
b. Decisions may be made quicker using satisficing.
c. A small group of people may talk the longest and the loudest.
d. People bring different perspectives.
e. A group may bring greater intellectual stimulation.
Business
1 answer:
Aneli [31]3 years ago
8 0

Answer:

e. A group may bring greater intellectual stimulation.

Explanation:

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Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to c
madam [21]

Answer:

a. Accounts Receivable (Dr.) $93,000

Bonus Receivable (Dr.) $2,325

Service Revenue (Cr.) $95,325

b. Service Revenue (Dr.) $9,300

Bonus receivable (Cr.) $9,300

c. Accounts Receivable (Dr.) $93,775

Bonus Receivable (Dr.) $775

Service Revenue (Cr.) $93,000

d. Cash (Dr.) $29,000

Bonus Receivable (Cr.) $29,000

Explanation:

The contract between Burger Boy and Velocity is for eight months.

Expected value of the contract on 1st month is :

80% * [ $93,000 * 8 months + $31,000 ] + 20% [ $93,000 * 8 months - $31,000] = $762,600

The expected value per month is $762,600 / 8 months = $95,325 per month

Expected value of the contract 5th month with revised probability is :

60% * [ $93,000 * 8 months + $31,000 ] + 40% [ $93,000 * 8 months - $31,000] = $750,200

The expected value per month is $750,200 / 8 months = $93,775 per month.

5 0
3 years ago
Cement Company, Inc. began the first quarter with 1,000 units of inventory costing $25 per unit. During the first quarter, 3,000
3241004551 [841]

Answer:

Calculation of Cost of Goods sold under LIFO:

For 3,000 units (3000*40)                                      $120,000

For 400 units (400*25)                                              $10,000

Add: Excess of replacement cost over historical     $8,000

cost of LIFO liquidation (400*(45-25))                    

Cost of Goods sold under LIFO                                $138,000

                                     Journal entry  

Date    Account Titles and Explanation       Debit           Credit

            Cost of Goods sold                        $138,000

                     Inventory  (120000+10000)             $130,000

                     Excess of replacement cost over              $8,000

                     historical cost of LIFO liquidation

3 0
3 years ago
The two different types of budgetary expenses in the federal budget are
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4 years ago
The manager is responsible for training you about food safety in your job duties. These duties include preventing foodborne illn
lilavasa [31]

Answer:

The correct answer is C

Explanation:

Food safety is used as the scientific discipline, which describe the storage, handle or preparation of the food, in a manner or way which prevent the illness of the food borne.

When the training is provided on the food safety, the one and the foremost thing is to guide or make aware on preventing the contamination on the food by storing the food in such a way that it will prevent the same.

8 0
3 years ago
For the year ended December BL 2017, Lopez Company has implemented an employee bonus program based on Lopez’snet income, which e
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Bonus payable CR 14,5611

Narration. Bonus expenses payable to staff

Employee Bonus account Dr 14,5611

Bank/Cash CR. 14.5611

Narration. Payment of employees bonus for previous year.

3 0
3 years ago
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