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Butoxors [25]
3 years ago
13

Rational and Normative modes of decision making are used. Then intuition or gut feeling also play a role in this process. How do

es a manager, making decisions in real life situation, strike a balance between these modes to make quick but right decisions.
Business
1 answer:
Anna35 [415]3 years ago
5 0

A manager, making decisions in real-life situations, strikes a balance between these ways to make quick but correct decisions based on systemic organizational vision and conceptual skills.

The manager's experience will help him to make decisions using rational and normative ways, and thus analyze what is the best strategy for effective decision making.

Conceptual skills refer to the manager's systemic view, which understands the organization as an integrated system and must involve a set of thoughts, processing and planning to improve the business.

Therefore, decision making must be taken in a rational and normative way according to the context of the situation that requires a decision, and it is up to the manager to use the best tool to make a decision aligned with the company's objectives and goals.

Learn more here:

brainly.com/question/4382381

You might be interested in
A local butcher and a worker at a cereal factory both work in what Agriculture, Food, and Natural Resource pathway?
garri49 [273]

The Food Products & Processing Systems is the department in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.

The food products $ processing systems is a department in the Food, and Natural Resource

The department is responsible for tasks including:

  • Bulk food production
  • Development of ways to process, package or store food etc

In conclusion, the Food Products & Processing Systems is the pathway in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.

Read more about Food Products & Processing Systems

<em>brainly.com/question/24730493</em>

6 0
2 years ago
Suppose you play a game where you toss three fair coins. If you get three tails, you win $10. Otherwise, you lose $2. If you wer
Bingel [31]

Answer: The chances of occurrence of tail when we toss the coin is 50% which can be explained by the following formula:

Probability = Number of favorable events / # of Total event

Here the number of Total events = 2^3 =8

Number of total events can also be found by following Way:

1. Head, Head, Head

2. Head, Head, Tail

3. Head, Tail, Tail

4. Tail, Tail, Tail

5. Tail, Tail, Head

6. Tail, Head, Head

7. Head, Tail, Head

8. Tail, Head, Tail

This implies

Number of favorable events = 1 & Number of Total events = 8

By putting values:

Probability = 1 / 8 = 12.5%

So the chances of winning $10 is 12.5% whereas loosing $2 is 87.5%.

5 0
3 years ago
When you stuff dollar bills under your mattress, knowing that they will be there next year to help buy your next major purchase,
olasank [31]

Answer:

Store of wealth

Explanation:

Store of wealth means that money retains it value and purchasing power over time. Thus, it can be stored or kept away and used sometime in the future without money losing its value.

Other functions of money are :

1. Medium of exchange: money can be used to exchange for goods and services in transactions.

2. Unit of account: money can be used to determine the value of goods and services being exchanged.

I hope my answer helps you

3 0
3 years ago
With the balanced scorecard approach, the entire focus is on measuring and managing specific financial goals based on the organi
steposvetlana [31]

With the balanced scorecard approach, the entire focus is on measuring and managing specific financial goals based on the organization's strategy. is a "false" statement.

<h3>What is balanced scorecard?</h3>

The term "balanced scorecard" refers to the idea of using both conventional financial measures and strategic metrics to obtain a more "balanced" picture of success.

The balanced scorecard idea has developed beyond the straightforward application of viewpoints to become a comprehensive framework for managing strategy.

A system for strategic management and planning is the balanced scorecard (BSC). Businesses employ BSCs to:

  • Tell others what they want to achieve.
  • Align the job that everyone does on a daily basis with the plan
  • Make projects, commodities, and services a priority.
  • Track and evaluate your progress toward your strategic goals.

The ability to "connect the dots" between the various elements of strategic planning and management is one of the main advantages of using a disciplined framework.

To know  more about the balanced scorecard, here

brainly.com/question/19259487

#SPJ4

8 0
2 years ago
Denton and Carlo worked at an appliance plant. Their job required them to do occasional maintenance work while standing on a wir
zepelin [54]

Answer:

Yes

Explanation:

Yes, the disharge was wrongful and the employer can be sued for doing so. Employees are protected under the OSHA law, which basically makes sure that employers provide the employees with safe and hazard free work conditions for all employees. Failure to do so can be met with a lawsuit as well as firing an employee for not putting themselves in a dangerous situation. The OSHA administration which is the same representatives of the law itself can provide assistance to the employees in this situation.

3 0
3 years ago
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