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Archy [21]
2 years ago
12

Scott and his partner, Greg, have decided to update their computer network, although they have no expertise in this area. During

a meeting with Greg, Scott commented that "Our decision is limited by numerous constraints, such as our understanding of the complexity of technology, time and money, imperfect information, and our conflicting goals." These limitations are hindrances to _________.a. satisficing.
b. nonrational decisions.
c. intuitive decision making.
d. mbo.
e. rational decision making.
Business
1 answer:
sweet [91]2 years ago
4 0

Answer:

E. Rational decision making.

Explanation:

Rational decision making: It is a process of decision making that involve multi steps process of analysis, logic and knowledge of expert for decide on alternative. It does not favor insight or subjectivity in the process of decision making. Identifying a few possible courses of action is the first step involved in the rational decision-making process.

Steps that followed in rational decision making:

  • Define the problem.
  • Identify the decision criteria.
  • Allocate weights to the criteria.
  • Develop the alternatives.
  • Evaluate the alternatives.
  • Select the best alternative.

In the given case, during a meeting with Greg, Scott said "Our decision is limited by numerous constraints, such as our understanding of the complexity of technology, time and money, imperfect information, and our conflicting goals.", which are hindrance to Rational decision making.

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Maria spots a beautiful dress in the window of a boutique. Maria goes into
Yakvenalex [24]

Answer:

Asking Price

Explanation:

8 0
2 years ago
Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of
salantis [7]

Answer:

B. 9.0 times.

Explanation:

Accounts Receivable Turnover (ART) = Net credit sales/ Average accounts receivable

Net credit sales = <em>$7,200,000</em>

Average accounts receivable  = (beginning AR - ending AR) /2

Average Accounts receivable = ($820,000 + $780,000)/2

Average AR = <em>$800,000</em>

Therefore Accounts receivable turnover = $7,200,000/800,000 = 9.0 times

4 0
2 years ago
Gina is working as a marketing trainee for a streaming video company. Her boss called a meeting for next week with one thing on
sveta [45]

Answer:

C) Create a customer-driven environment where we constantly try to create customer value.

Explanation:

A competitive advantage basically refers to offering a better service at the same price as your competition, or offering the same service as your competition but at a lower price. In this case, Gina's idea focuses on offering a differentiated and better service than the competition, and hopefully be able to sell it at the same price.

In order to create a customer driven environment, the company must identify its customers's needs and it must do everything it can to satisfy those needs. This will increase both the perceived quality of the service and consumer satisfaction.

8 0
2 years ago
What are the pros and cons of Toyota’s structure and what are the most important elements of Toyota’s organizational structure??
AVprozaik [17]
In 2013, Toyota changed its organizational structure from the centralized structure to:
- the Global hierarchy,
- the Geographic divisions, and
- the Product-based divisions.

This change was made to adapt the consumer's demand in each of the regional markets all over the world. The most important element of this structure is the speed of handling issues and problems of all Toyota's branches. However, this structure also has a weakness which is the decreasing of headquarter's control over the global organization.
5 0
2 years ago
A company has a process that results in 12,000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
eimsori [14]

Answer:

The correct answer is management should sell Product A now.

Explanation:

According to the scenario, computation of the given data are as follows:

Total production = 12,000 pounds

Sell price = $8 per pound

If process further, Cost = $80,000

Selling price = $14 per pound

So, If we sell the product without further process, than

Total sale value = 12,000 × $8 = $96,000

And, if we sell the product after further processing, then

Total sale value = (12,000 × $14) - $80,000

= $88,000.

As, sales value is more in selling the product without further process, so management should sell the product without further processing it.

8 0
2 years ago
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