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natima [27]
2 years 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]2 years 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>

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Which of the following is NOT a principle of ORM? A ) Make risk decisions at the right level. B ) Anticipate and manage risk by
snow_lady [41]

Answer:

The correct answer to the following question is option D) Eliminate risk through application of ORM( which stands for operational risk management ).

Explanation:

Operational risk management can be defined as the continuous cyclical process which consists of risk decision, implementation of risk controls, risk assessment and risk decision making, which would help in mitigation, avoidance and acceptance of risk.

The four principle included in this are -

1) Accepting risk only when the benefits out weights the cost.

2) Anticipating and managing risk by proper planning.

3) Making right decisions at right time and at right level.

4) Anticipate no unnecessary risk.

8 0
2 years ago
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses i
Lemur [1.5K]

Answer and Explanation:

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

The budget is an estimation of expenses and revenue over a specific future time and it is re-evaluated and compiled on a period of time. The budget can prepare for a business, a government and a group of people, etc. It is an analysis of the income and expenditure that is useful for financial planning.

Based on this, the preparation of the flexible budget performance report is presented in attached excel spreadsheet. Kindly find it below

3 0
2 years ago
Claudia feels strongly against a law that was recently passed in her hometown. She proceeds to write letters to the local newspa
Evgesh-ka [11]

Answer:

Option(b) is the correct answer to the given question

Explanation:

The main objective of the first amendment says that freedom and rights regarding to the correct to the protest, religious faith, appearance as well as assembly.This law is all about the freedom to all the region of the person .

  • The first amendment prohibits Congress both from supporting yet another religious belief over the other and prohibiting the religious beliefs of even a person as well.
  • As claudia writing the letters to the news paper supportive of the law's effect. She also protests upwards the sidewalk, noisily promoting her viewpoint in front of town hall it is similar to  first Amendment  law.
  • All the other option are not related to the given scenario that's why these are incorrect option .
5 0
2 years ago
Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman'
n200080 [17]

Answer:

Option C) Littman's $179 expense will be greater than $100,000

Explanation:

Data:

Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000

From the options, In order to minimize depression, Littman's $179 expense will be greater than $100,000. This will come from the profit loss reconciliation. Hence option C will be the correct option in this case.

4 0
2 years ago
As the owner of an art gallery with a keen eye for upcoming talent, you find a painting that you feel is sure to net a large pro
pickupchik [31]

Answer:

I would rather sign a contract with talent for a relatively short period say 5 months where I would pay $5000 per month or I would increase the amount paid for the painting to $10000 or $15000

Explanation:

A huge momentarily reward can blind long term gain and during this period.

8 0
2 years ago
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