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kifflom [539]
2 years ago
13

Your organization hires a consultant to analyze its decision-making practices, and the consultant determines that most decisions

are made according to the administrative model. What does this tell you about decisions at your organization?
A- Managers usually seek out the best possible solution to problems

B- Before making a decision, managers usually have clear criteria in mind to evaluate alternatives

C- The soundness of decisions is often limited because managers are unaware of problems or opportunities that exist in the organization

D- Decisions are not constrained by limitations of human ability, information, or resources
Business
1 answer:
dimaraw [331]2 years ago
7 0

Answer:

C- The soundness of decisions is often limited because managers are unaware of problems or opportunities that exist in the organization

Explanation:

<em>Administrative decision making</em> is moderately rational decision making which considers a limited amount of criteria, not taking the broader picture into account. Therefore, certain problems and potential complications can arise if a more complex analysis of decision factors is not conducted.

In other words, a few possible outcomes are analysed and managers ettle for the one that seems optimal in that limited range.

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A project will not produce any cash flows for two years. Starting in the third year, it will produce annual cash flows of $11,90
dusya [7]

Answer:

The NPV of the project at 8.7 percent will be  4,802.58‬

Explanation:

We will calcualte the present value of the cash inflow:

\frac{Inflow}{(1 + rate)^{time} } = PV  

<u>year 3: </u>

Inflow     11,900.00

time          3.00

rate          0.087

\frac{11900}{(1 + 0.087)^{3} } = PV

PV    9,265.28

<u>Year 4:</u>

Inflow      11,900.00

time           4.00

rate           0.087

\frac{11900}{(1 + 0.087)^{4} } = PV  

PV   8,523.71

<u>Year 6:</u>

Inflow      50,500.00

time   6.00

rate  0.087

\frac{50500}{(1 + 0.087)^{6} } = PV  

PV   30,613.58

Then, we will add them together and subtract the investment amount

NPV: 30,613.59 + 8,523.71 + 9,265.28 - 43,600 = 4,802.58‬

3 0
2 years ago
______(1)______ is an application of commercial photography used to sell a service or product, where as ______(2)______ is an ap
NemiM [27]

Answer:

The correct answers that fills the gaps are: Advertising; Fashion.

Explanation:

Fashion is reinvented through advertising. And is that clothing companies, when advertised, make a show of provocation and transgression.

Fashion advertising is tremendously grateful from the aesthetic point of view. It stands out that this publicity is always ahead. Their campaigns were the first to return to black and white, to resort to burned lighting, to casual aesthetics.

Freedom must be the engine of every publicist since they do not impose any limits. Although we must not forget the power of their work for society, so we always expect them to act responsibly.

4 0
2 years ago
Read 2 more answers
The reason the substitution effect works to encourage a consumer to buy less of a product when its price increases is:
ikadub [295]

Answer:

The correct answer is the option C: the product is now relatively more expensive than it was before.

Explanation:

To begin with, the <em>substitution effect</em> is the term that, in economics, refers to the situation where a products or services increase or decrease its value in comparison with other and therefore it causes a substitution from the consumer regarding that change in the price.

Secondly, in the case where a product increases its price the substitution effect will cause that the consumer decides to purchase other products due to the fact that the first product is now relatively more expensive than it was before and therefore a substitution of the good takes place.

8 0
2 years ago
An entrepreneur has purchased a gym franchise and been very disappointed in the results. The franchise has not earned what the e
katovenus [111]

She would sell the gym and open a yoga franchise

5 0
2 years ago
Suppose the government, in an effort to avoid an increase in the deficit, votes for a budget neutral tax cut policy. Assume the
mafiozo [28]

<u>PART A:</u>

The government has voted for budget neutral tax cut policy in order to avoid the enhancement in the deficit. Thereby, government spending will be reduced by an amount of $8 billion.  

<u>PART B:</u>

The calculation for fall in GDP is as follows:  

\text { Change in } G D P=\frac{-M P C}{1-M P C}

Multiply with change in government expenditure,

\Rightarrow\frac{1}{1-0.85} \rightarrow \text { multiply with }(-8)=-53.33 \text { billion }

Thus, if the government expense is reduced by $8 billion then fall in GDP is by $53.33 billion  

<u>EFFECT ON GDP DUE TO REDUCTION OF TAX:</u>

\text { Change in taxes }=\frac{-M P C}{1-M P C}

Multiply with change in tax,

\Rightarrow \frac{-0.85}{1-0.85} \rightarrow \text { multiply with }(-8)=45.33 \text { million }

Thus, when the taxes are reduced by $8 billion, then GDP shows an increase by $45.33 billion.

Therefore, change in equilibrium level of real GDP = -$8 billion ( -53.33 billion + 45.33 billion).  

7 0
2 years ago
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