Word of your management expertise is starting to spread, and recently the CEO of VoxSigns, a company that develops and maintains electronic billboards similar to this one in Times Square, reached out to you for advice. Eric, the CEO, is trying to determine whether she should lay off 20% of her employees due to declining revenues. Eric wants to know if you can help her make the right decision. First, you help Eric get an overview of the decision-making process by outlining what steps effective decision makers use to arrive at a solution to problems.
Identify the order in which the steps are usually taken.
Decision-Making Step Order
Generate alternative courses of action 4
Define the problem 1
Identify the decision criteria 2
Evaluate each alternative 5
Weight the decision criteria 3
Compute the optimal decision 6
Next, you and Eric discuss some of the problems that can occur in the various phases in the decision-making process. For example, when defining the problem, Eric should be careful:.
1. To generate new ideas, instead of considering only tried and true solutions
2. To fully understand the gap between current and ideal states
3. Not to use satisficing, rather than maximizing, as a decision-making approach

The owners of backstreets italian restaurant are considering starting a delivery service forpizza and their other italian dishes in the small college town where they are located. theycan purchase a used delivery van and have it painted with their name and logo for $21,500.they can hire part-time drivers who will work in the evenings from 5 p. m. to 10 p. m. for$8 per hour. the drivers are mostly college students who study at the restaurant when theyare not making deliveries. during the day, there are so few deliveries that the regular employeescan handle them. the owners estimate that the van will last 5 years (365 days per year)before it has to be replaced and that each delivery will cost about $1.35 in gas and othermaintenance costs (including tires, oil, scheduled service, they also estimate that onaverage each delivery order will cost $15 for direct labor and ingredients to prepare andpackage, and will generate $34 in revenue. a. how many delivery orders must backstreets make each month in order for the service to break even? b. the owners believe that if they have approximately the break-even number of deliveries during the week, they will at least double that number on fridays, saturdays, and sundays. if that’s the case, how much profit will they make, at a minimum, from their delivery service each month (4 weeks per month)?

James has set the goal of achieving all "a"s during this year of school. which term best describes this goal

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)