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Scilla [17]
3 years ago
8

Marvin, the CEO of Flexus Inc, believes in sharing problems faced by the company with his employees. He prefers getting ideas an

d suggestions from relevant employees on an individual basis rather than having group meetings. However, he takes decisions on his own in the end, which may or may not reflect the employees' inputs. In the context of the normative decision theory, which of the following decision-making styles does Marvin use?
A) AIB) AIIC) CID) GII
Business
1 answer:
Maurinko [17]3 years ago
4 0

Answer:

C) CI

Explanation:

The Vroom-Yetton-Jago Normative Decision Model identifies 5 different decision making styles:

  1. Autocratic Type 1 (AI)
  2. Autocratic Type 2 (AII)
  3. Consultative Type 1 (CI): the decision maker shares the problem with a group of relevant subordinates individually, and asks them about possible suggestions or ideas. But the decision is made solely by the decision maker.
  4. Consultative Type 2 (CII)
  5. Group-based Type 2 (GII)
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You operate a car detailing business with a fixed amount of machinery​ (capital), but you have recently altered the number of wo
NemiM [27]

Answer:

1.5 cars

Explanation:

Three employees can produce a total of:

= 4 × 3

= 12 cars in an hour.

Five employees can produce a total of:

= 3 × 5

= 15 cars in an hour

So, the increase in total product of labor as I increase the labor from 3 to 5 employees:

= Total product when 5 employees are hired - Total products when 3 employees are hired

= 15 - 12

= 3 cars.

So, the marginal product of moving from 3 to 5 workers:

= 3 ÷ 2

= 1.5 cars

3 0
3 years ago
Juniper Company uses a perpetual inventory system. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30
kozerog [31]

Answer:

Amount of cash paid on Aug 16 = <u>$8,167.50</u>

Explanation:

As for the information provided the terms of purchase are,

1% discount if payment made within 10 days,

and a total credit period of 30 days without any discount beyond 10 days.

Here, inventory purchased on August 7 = $9,750

Less; Return on 11 August = $1,500

Net Purchases = $8,250

Since payment is made on 16 August that is within 10 days from purchase discount will be received

= $8,250 \times 1% = $82.50

Amount of cash paid on Aug 16 = $8,250 - $82.50 = $8,167.50

8 0
3 years ago
What type of research involves identifying key product characteristics that become selling​ points? For​ example, the marketing
Trava [24]

Answer:

<em>Product-Specific Research</em>

Explanation:

Product research <em>is an essential part of the development of new products. Analysis will help you determine important issues at every stage of the process and avoid costly errors.</em>

Testing a prototype will help you to reject uncompromising concepts, allowing you to focus money and time commitment on goods with the best chance of commercial success.

Product-Specific Research includes finding key product features that are selling points. Sells the benefit that the product provides.

8 0
3 years ago
A technique known as _____ is one useful strategy for problem finding.
Naddika [18.5K]

A technique known as bug listing is one useful strategy for problem finding. A bug list is known as making a list of theings that bug you. When this list is made, you can help solve the problems that are bugging you in your life instead of dwelling on things that may never change or dwelling without changing your life.

7 0
3 years ago
As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3. Cash $5,
Veseljchak [2.6K]

Answer:

$10,500

Explanation:

Calculation for Stanford Company's Working Capital

Using this formula

Working capital =Current Assets- Current Liabilities

Where,

Current Assets = Cash + Accounts Receivable + Inventory + Prepaid Insurance

Current Assets = ($5,000 + $15,000 + $40,000 + $3,000) = $63,000

Current Liabilities = Accounts Payable + Notes Payable in 5 Months + Salary Payable

Current Liabilities = ($15,000 + $12,500 + $25,000) = $52,500

Let plug in the formula

Working capital =$63,000-$52,500

Working capital =$10,500

Therefore the Working Capital for Stanford Company will be $10,500

5 0
3 years ago
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