answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natima [27]
1 year ago
13

Hebert Simon cited in Certo & Certo (2014) questioned the ability of managers to make rational decisions. In his opinion, ma

nagers are not able to make perfectly rational decision. Do you agree? why/why not? Secondly, it is often said that managers often make decisions without all the necessary information. Why is this so​
Business
1 answer:
kakasveta [241]1 year ago
8 0

Situations and scenarios affects the ability of managers to make rational decisions.

Let understand that an approach of making rational decisions is based on obtained data which effectively allows decision-making, thereby reducing chances of errors, assumptions and all causes for poor judgments

  • Thus, the main key for decision-making strategy is information and data management.

  • The problem cited by Hebert Simon is because some of decision made by managers are based on assumptions.

In conclusion, quick and rational decisions should be embraced by manager although its requires keeping a track of information and data of different scenarios.

Learn more about this here

<em>brainly.com/question/16867992</em>

You might be interested in
The manager of your company's pension fund is compensated based entirely on fund performance; he earned over $1.2 million last y
Anon25 [30]

Answer:

The compensation to the fund manager is based on the performance of the pension fund. If the fund performs well and earns significant profit, then the compensation to the mangers should increase.  

If it incurs losses, then the argument for capping the compensation of funds managers will gain ground. Note that the manager is being paid according to the pay-for-performance scheme. Thus it is unjustified that his compensation is reduced when there is no significant evidence that his performance was responsible for the poor performance of the fund. The manager has earned over $1.2 million last year. Hence fixing the compensation of managers to $100,000 should be considered only when the fund has under performed drastically. Without such evidence, such capping will only demoralize them and the profitability of the company will fall.

Explanation:

8 0
2 years ago
Which two statements are true about batch size, lead time, and utilization? (Choose two.)
Nataly_w [17]

Answer:

The answers are b. As batch size increases, lead time decreases and d. Batch size is influenced by the Product Owner, utilization is influenced by the Development Team

Explanation:

Invariably, a larger batch size leads to increase in lead time due to the fact that it will take lesser time to process smaller batches and when there's a larger batch it takes more time. And ultimately, the batch size is influenced by the product owner because he/she determines the sixe of each product batch based on market demand while the development team conducts tests for utilization which guides them in making decisions that influence utilization.

6 0
1 year ago
Which two investment options would be best if you are 45 years old, just starting to save, and want to retire when you are 65? C
Lelu [443]

Answer:

As you are starting at 45 years until 65 years, meaning you got only 20 years. So, the best investment options I recommend are,

  • Certificate of Deposit
  • Bonds
  • Mutual Funds

Explanation:

First of all, in terms of investing, 20 year time span is NOT that beneficial or wise! Because as you know, to gain the true effect of compounding, it is always better to start early and go on for about 30 or 40 years, even 50! Google about "Warren Buffet"!

However, in this case, the 3 options mentioned above are much better. But I'm not saying others are bad.

Certificate of deposits, Bonds and Mutual funds are relatively less riskier and does not fluctuate much with the market.

Moreover, the interest  yields are preferably higher.

Given that the interest rate remains relatively at a higher lever, these 3 options will pay of a decent contribution through compounding over the course of 20 years.

8 0
1 year ago
For a cost to be considered allocable to a contract, it must be a cost that is incurred specifically for a contract, or a cost t
Naily [24]

Answer:

a. A cost that is necessary for the overall operation of the business but not directly related to a contract

Explanation:

Option B - Allocable costs cannot be considered if the contractor is doing business with the government.

Option C - If the cost is exempted, it cannot be specifically allowable for a contract, or a cost that is beneficial to both the contract and other work.

Option D - Indirect costs cannot be allowable.

Option A - It is the right answer because allowable cost should be significant for the operations with an indirect relation with the contract. If it is linked with the overall operations, it can be considered as allowable to a contract.

7 0
1 year ago
Henry is the manager at a store that sells clothes for all seasons. The latest trend, he found, was in summer beachwear. So, he
DaniilM [7]
I don't know. There are no answer options. Maybe palm trees etc.?
3 0
1 year ago
Read 2 more answers
Other questions:
  • Present value calculations The present value or "PV function" in Excel is used to calculate the current value of future payments
    15·1 answer
  • Seattle Inc. identifies an investment opportunity, which will yield cash flows of $30,000 per year in Years 1 through 4, $35,000
    9·1 answer
  • A trend whereby consumers expect to be able to purchase items electronically, whenever and wherever they want is known as ______
    6·2 answers
  • On January 1, 2021, McGee Co. had the following balances: Projected benefit obligation $7,800,000 Fair value of plan assets 7,80
    7·1 answer
  • Identify the best definition of money. whatever serves society in three functions: medium of exchange, store of value, and unit
    6·1 answer
  • Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,500 C
    10·1 answer
  • Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing ha
    10·1 answer
  • Rex and Sandy are partners. Rex has a capital balance of and Sandy has a capital balance of . Marcus contributes a building with
    5·1 answer
  • Teagan wants to buy a new refrigerator. The refrigerator costs $1650. Teagan decides to finance the refrigerator for 24 months a
    14·1 answer
  • Challenges to Employee Development Special challenges in employee development include overcoming the barrier that keeps women an
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!