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.
Answers: 1
Business, 21.06.2019 18:20, shelbyhood8329
Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this
Answers: 1
Business, 22.06.2019 02:00, rsanchez1226
On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)
Answers: 3
Business, 22.06.2019 10:00, mayamabjishovrvq9
Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.
Answers: 2
Managers must decide when to make decisions themselves and when they should involve a group. This ac...