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Margaret [11]
2 years ago
7

Nicholas, a longtime hotel manager for Wyndham, was meeting with Sophie, a regional manager, and telling her about his recent de

cision not to fire a front desk employee about whom several guests had complained. Nicholas discussed the four stages of the decision process. He said, "I first identified the problem, and then I gathered alternative solutions. I evaluated each choice and selected a solution. I then implemented my decision to not fire the employee but instead to provide him with additional training. Finally, I followed up with an evaluation of the solution I’d chosen." Nicholas is using the ______ process.
Business
2 answers:
timama [110]2 years ago
8 0

Answer:

The correct answer is: rational decision-making model

Explanation:

In the world of management and leadership, decision making is one of the most common, most demanding processes that have a high level of importance to determine the direction of organizations and determine how the processes that will guide the necessary activities will be to meet the objectives set.

Decision-making is fundamentally a choice between different alternatives to solve a problem in the most efficient way possible, but it cannot be taken lightly, so there are several methodologies and several types of decision-making, in this article we will discuss a bit about the "Rational model of decision making".

This model proposed by Herbert Simon is mainly characterized by the use of critical thinking to make decisions within organizations, equally applicable to everyday life. The rational model is simply to evaluate as objectively and sensibly different alternatives, with varied scenarios, causes and future results.

Rzqust [24]2 years ago
7 0

Nicolas is using 'Rational decision making' process.

<u>Explanation: </u>

Rational decision-making is a dual-step process of selecting alternative solutions. The logical decision-making process encourages reasoning, impartiality, and consideration of subjectivity and experience. In this case, the term "fair" doesn't in the philosophical sense imply sound or clear-headed.

This model prefers objective information and a systematic theoretical method on subjectivity and emotion. This model suggests that the choice-maker is well and clearly educated about options, as well as the need to determine every choice against another.

You might be interested in
The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the q
Paul [167]

Answer:

The answer to the following question is: (-9.34)

Explanation:

Given that:

p = -0.07 x^2 - 0.7x  + 6

The price elasticity of demand = ( change in quality / change in price)

     =   (dp / dx)  (x/p)

     =   d / dx   (-0.07 x^2 - 0.7x  + 6)   x / p

     =   (-0.14x - 0.7)  x/ (-0.07 x^2 - 0.7x  + 6)

elasticity = (-0.14x^2 - 0.7x) / (-0.07 x^2 - 0.7x  + 6)

at x=5;

elasticity = (-0.14(5)^2 - 0.7(5)) / (-0.07 (5)^2 - 0.7(5)  + 6)

              = (-3.5 - 3.5) / (-1.75 - 3.5 + 6)

              =  -7/ 0.75 = -9.333

              = -9.34

7 0
2 years ago
When a company has an obligation or right to repurchase an asset for an amount greater than or equal to its selling price, the t
Alexus [3.1K]

Answer:

financing transaction.

Explanation:

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, investing and financing activities.

A transaction can be defined as a business process which typically involves the interchange of goods, financial assets, services and money between a seller and a buyer.

Financing transaction can be defined as an obligation or right of an organization (business firm) to repurchase an asset for an amount greater than or equal to the selling price of the asset.

7 0
2 years ago
You can now sell 40 cars per month at $20,000 per car, and demand is increasing at a rate of 3 cars per month each month. What i
MArishka [77]

Answer:

More than $1500 price per car per month has to be dropped.

Explanation:

Given:

price per car = $20,000

car sale per month = 40

rate of increase in demand = 3

Solution:

Revenue R = Price × Quantity = P * Q

From the above given data

P = 20,000

Q = 40

R = P*Q

dQ/dt = 3

We have to find the rate at which the price is to be dropped before monthly revenue starts to drop.

R = P*Q

dR/dt = (dP/dt)Q + P(dQ/dt)  

          = (dP/dt) 40 + 20,000*3 < 0

          = (dP/dt) 40 < 60,000

         = dP/dt < 60000/40

         = dP/dt < 1,500

Hence the price has to be dropped more than $1,500 before monthly revenue starts to drop.

3 0
2 years ago
Read 2 more answers
Jennifer deposited $1,750 in a saving account that earns 1.9% simple interest. How much interest has Jennifer earned by the end
Sergeu [11.5K]
Simple interest formula
I=PRT
I=interest
P=principal=amount invested
R=rate in decimal
T=time in years



we are given
P=1750
R=1.9%=0.019
T=1

I=PRT
I=(1750)(0.019)(1)
I=33.25

that's how much interest

total will be $1750+interest=$1750+$33.25=$1783.25

your answer is right
8 0
2 years ago
Savannah Factory applies manufacturing overhead based on direct labor cost. Information concerning manufacturing overhead and la
vfiekz [6]

Answer:

$179,950

Explanation:

For determining the overhead applied first we have to find the predetermined overhead rate based on the estimated cost which is shown below:

Predetermined overhead rate is

= Estimated overhead cost ÷ estimated direct labor cost

= $174,000  ÷ $87,000

= $2

Now the applied overhead is

= Predetermined overhead rate × actual direct labor cost

= $2 × $89,975

= $179,950

We simply applied the above formula so that the overhead applied could come

6 0
2 years ago
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