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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
Your supervisor has come to you with the following list of expenditures for the year and is asking you whether they should be ca
Trava [24]

Answer:

Capitalized Expenditures:

2. Added a new wing onto the office building.

5. Had an engine rebuilt in one of their fleet cars.

Explanation:

Capitalization is the process of delaying the full recognition of an expense for the acquisition of a new asset with long-term life so that the costs can be treated as an expense gradually over its useful life through an accounting method known as depreciation or amortization.

The criteria for capitalizing expenditure depend on whether the expenditure is necessary to bring the asset to the condition and location where it can be operated as desired by the management.  It must also meet the threshold amount set by management for capitalization.  This is because some assets can be used for more than one year and still they are not regarded as capital assets.  Example is a stapling machine that costs less than a dollar.

6 0
2 years ago
At the end of the prior year, Durney's Outdoor Outfitters reported the following information.
Vaselesa [24]

Answer:

Please find the detailed answer and explanation below.

Explanation:

1a

                          Accounts Receivables    

Particulars      Amount($)  Particulars                       Amount($)

Beginning Bal. 48,271  Collections on accounts 290,700

Sales on account 306,548  Bad debts written off             7,054

                                   Balance c/d                           57,065

        Total                       354,819                                             354,819

Ending Balance  <u>57,065</u>    

     

     

                 Allowance for Doubtful accounts

       Particulars                 Amount($) Particular                 Amount($)    

Bad debt written off 7,054  Beginning Balance  8,469

Balance c/d                  6,185   Bad debt expense 4,770

Total                         13,239                                  13,239

                                            Ending Balance          6,185

1b

                               Durney's Outdoor Outfitters

                                Income Statement (Partial)

                             For the year ended December 31

Operating Expense:

Bad debt Expense                                   $4,770

                                 Durney's Outdoor Outfitters

                                     Balance Sheet (Partial)

                             For the year ended December 31

Current asset:

Accounts receivable                                $57,065

Allowance for Doubtful Accounts           ($6,185)

Accounts receivables(Net)                       <u>$50,880</u>

   

5 0
2 years ago
Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received
muminat

Answer:

a. What is the after-tax cost if she pays the $39,000 bill in December?

= $23,000 x (1 - 32%) = $15,640

b. What is the after-tax cost if she pays the $39,000 bill in January? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

total after tax cost (including investment revenue):

= $23,000 x (1 - 37%) = $14,490

= -$23,000 x 7% x 1/12 x (1 - 37%) = -$84.53

= $14,405.47

c. Should Reese pay the $23,000 bill'in December or January?

January , since the after tax cost is lower

d. What is the after-tax cost if she expects her marginal tax rate to be 24 percent next year and pays the $23,000 bill in January?

= $23,000 x (1 - 24%) = $17,480

= -$23,000 x 7% x 1/12 x (1 - 24%) = -$101.97

= $17,378.03

e. Should Reese pay the $23,000 bill in December or January if she expects her marginal tax rate to be 32 percent this year and 24 percent next year?

December, since the after tax cost is lower

3 0
2 years ago
he cash register tape for Larkspur Industries reported sales of $7,146.30. Record the journal entry that would be necessary for
lozanna [386]

Solution:

(a) Cash to be accounted for exceeds cash on hand by $52.78.  

Cash to be accounted for is $7,146.30 .

That means cash on hand is short by $52.78.

Dr Cash                              $7,487.51

Dr Cash over and short       $57.71

Cr Sales                             $7,545.22

(b) Cash on hand exceeds cash to be accounted for by $29.45.

That means you have a cash overage of $29.45

Dr Cash               $7,590.10

Cr Sales                 $7,545.22

Cr Cash over and short $29.45

6 0
2 years ago
A company pays $40,000 in cash and stock to acquire 65% of the voting stock of another company. The fair value of the 35% noncon
steposvetlana [31]

Answer:

c. $33,000

Explanation:

The computation of the total amount of goodwill recognized is shown below:

Goodwill = Consideration paid + Fair value of non controlling interests - Fair value of net identifiable assets

where,

Fair value of net identifiable assets = Book value of acquired company - Overvalued plant assets + Unreported identifiable intangible assets

= $25,000 - $6,000 + $10,000

= $29,000

So, the goodwill amount is

= $40,000 + $22,000 - $29,000

= $33,000

4 0
2 years ago
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