Business, 24.09.2020 14:01, jsavagejsavage9216
Management at Work 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. Jim, the CEO, is trying to determine whether he should lay off 20% of his employees due to declining revenues. Jim wants to know if you can help him make the right decision.
First, you help Jim 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 Jim discuss some of the problems that can occur in the various phases in the decision-making process. For example, when defining the problem, Jim 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.
Answers: 2
Business, 21.06.2019 15:30, samiyahbass
What is "staffing level"? a) the practice of assigning the same number of workers to each department b) the average educational level attained by employees of a business c) the rank above cashier d) the number of workers assigned to jobs at a particular time
Answers: 2
Business, 22.06.2019 11:10, nat8475
The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.
Answers: 3
Business, 22.06.2019 12:30, ash011519
On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.
Answers: 3
Business, 22.06.2019 20:00, lusa0720
Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor
Answers: 3
Management at Work Word of your management expertise is starting to spread, and recently the CEO of...
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