Heuristic is a d) shortcut or rule of thumb that is used for decision making, whereas d) thoroughly exploring all alternatives is NOT a reason why managers often resort to using heuristics.
What is a heuristic?A heuristic is a mental shortcut or "rule of thumb" that people use to make judgments and decisions. It is a simple and efficient problem-solving approach that enables people to make rapid, but often imprecise, decisions.
In the absence of complete information, people frequently depend on heuristics to make decisions that are sufficient for a given situation. Although heuristics can be useful, they are not always reliable and may result in errors or biases in decision-making processes.
Which of the following is NOT a reason why managers often resort to using heuristics?Thoroughly exploring all alternatives is NOT a reason why managers often resort to using heuristics. The following are the reasons why managers often resort to using heuristics:
They seem to eliminate complexity.They seem to eliminate ambiguity.They save time.Heuristics help managers make decisions more quickly and efficiently, particularly when dealing with complex or ambiguous situations. They are not always accurate, but they do allow for quicker and more straightforward decision-making processes.Thus, option D (They thoroughly explore all alternatives) is the correct answer.
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licensee alex only represents the buyer in a transaction. what is alex called in this situation?
In this situation, Alex is called a buyer's agent. A buyer's agent, also known as a licensee representing the buyer, is a real estate agent or broker who exclusively represents the interests of the buyer in a real estate transaction.
Their primary responsibility is to advocate for the buyer's best interests throughout the process. As a buyer's agent, Alex works on behalf of the buyer, providing assistance in finding suitable properties, negotiating purchase terms, conducting property inspections, and guiding the buyer through the entire buying process. They act as a fiduciary for the buyer, prioritizing their client's needs and goals.
It's important to note that a buyer's agent has a legal and ethical obligation to represent the buyer's interests and keep any confidential information disclosed by the buyer confidential. They provide professional advice, market expertise, and help the buyer make informed decisions.
On the other hand, there are also seller's agents who represent the seller in a transaction. Seller's agents work to secure the best terms and price for the seller. In some cases, real estate agents may act as dual agents, representing both the buyer and the seller, but this requires full disclosure and informed consent from both parties.
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When managers apply the continuous feedback loop known as the planning/control cycle, which management functions are implied?.
Leading and organizing are the implied management functions in the planning/control cycle. Hence, Option D is the correct answer.
Leading entails using formal and informal networks of influence to motivate people to take action. If managers are effective leaders, their staff members will be eager to put up the work necessary to achieve corporate goals. Sharing a vision with others is a key component of leadership. It is only feasible to share a single objective and focus the efforts and passion of the complete team when you are able to inspire others.
The managerial role of organizing, which comes after planning, entails the delegation of responsibilities, the division of work into departments, the assignment of power with sufficient responsibility, and the distribution of resources throughout the company in order to achieve shared objectives.
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The correct question is:
When managers apply the continuous feedback loop known as the planning/control cycle,
which management functions are implied?
A) organizing and goal setting
B) triple bottom line and learning
C) learning and motivating
D) leading and organizing
Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservation screen, you are informed that you will be charged an additional $30 a night in various taxes that you have to pay to the hotel.
Indicate whether each of the given factors is likely to raise the economic burden of the tax for you or for the hotel. (for each of the following)
i- A hurricane recently ravaged the area, resulting in many vacancies at competing hotels.
ii- There are many other hotels in the area
iii- It is the peak of tourist season
iv- The hotel has unique architecture and is considered a historical landmark.
Answer:
iii
Explanation:
Most of the time hotels will charge more when more rooms are booked, so when you book your hotel room, and many rooms are booked, most people do get charged more.
A hurricane would raise the burden of tax on the hotel.
The availability of many hotels would raise the burden of tax on the hotel.
The peak of tourist season would raise the burden of tax on you.
As a result of the hotel's architecture, the burden of tax would raise on you.
What does the burden of tax mean?
Economic burden of tax refers to who pays more tax between the buyer and the seller. The economic burden of tax depends on the elasticities of demand of the consumer and the elasticities of supply of the supplier.
The party between the supplier and the consumer that has a more elastic demand or supply would bear less tax burden and the party that has a less elastic demand would bear more tax burden.
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An organization may use to develop or acquire a work system. A) System Development Lifecycle (SDLC) methodology B) outsourcing C) agile scrum methodology D) All of the above
An organization may use various approaches to develop or acquire a work system, including the System Development Lifecycle (SDLC) methodology, outsourcing, and the agile scrum methodology. Therefore, the correct answer is D) All of the above.
Organizations have different options when it comes to developing or acquiring work systems. The System Development Lifecycle (SDLC) methodology is a structured approach that involves various phases such as planning, analysis, design, implementation, and maintenance.
This methodology provides a framework for systematically developing and managing work systems.
Outsourcing is another approach where organizations delegate certain tasks or functions to external service providers.
By outsourcing work system development or acquisition, organizations can leverage the expertise and resources of specialized vendors, allowing them to focus on their core competencies.
The agile scrum methodology is an iterative and collaborative approach to work system development. It emphasizes flexibility, adaptability, and collaboration among team members.
Agile scrum involves breaking work into smaller increments, known as sprints, and continuously reviewing and adjusting the work based on feedback.
All of these approaches, SDLC methodology, outsourcing, and agile scrum methodology, can be used by organizations to develop or acquire work systems.
The choice of approach depends on various factors such as project requirements, organizational capabilities, resources, and desired outcomes. Organizations may even combine or customize these approaches based on their specific needs and circumstances.
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The management of Asteria Inc. is studying the financial reports and statements of the company for the current accounting period. Which
accounting head is a part of an off-balance sheet item?
A.
copyrights
В.
bank loan
C.
prepaid office rent
D.
operating lease
Answer:
В. bank loan
Explanation:
A balance sheet shows the total net worth of a business at the end of a financial year. It shows the assets of a business on one side and equity and liabilities on the other.
A balance shows the assets of a business and how they have been financed. On the liabilities, the balance sheet will indicate the short term and long term liabilities. A bank loan represents money obtained from the banks on credit. Bank loan will be a subheading on the liabilities side, especially if the business has loans from different banks.
Answer:
Its D operating Lease
Explanation:
3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
What is the objective of the Joint Project Planning Session?
Question 5 options:
Produce a detailed Project Plan
Produce Conditions of Satisfaction
Produce a Project Overview Statement
Produce Stakeholder Agreements
Which of the following is NOT a situation requiring team operating rules?
Question 16 options:
Conflict resolution
Problem solving
Project Training
Decision making
Mr. John Smith has been appointed as manager of large installation project. In his new role, Mr. Smith is responsible for managing potentially 300 stakeholders. Which of the following would be the BEST course of action for him to take?
Question 25 options:
Gather the needs
Find an effective way to gather the needs of all stakeholders
Contact the CEO and ask which stakeholders are most important
Eliminate some stakeholders
Produce a Project Overview Statement. Project Training. Find an effective way to gather the needs of all stakeholders.
The objective of the Joint Project Planning Session is to produce a Project training. This statement provides a high-level overview of the project, including its goals, scope, deliverables, and key stakeholders. It serves as a concise summary that helps align the project team and stakeholders on the project's direction and objectives. Project Training is not a situation that requires team operating rules. Team operating rules are typically established to guide and regulate team activities in areas such as conflict resolution, problem solving, and decision making. Project training, on the other hand, focuses on equipping team members with the necessary skills and knowledge to effectively perform their roles and contribute to the project's success.
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PLEASE SOMEONE HELP I NEED THIS ASAP ILL GIVE BRAINLIST!!!!!
Which of the following is more likely to be completed by a manager than by a leader?
A. Brainstorming a new idea
B. Developing long-term goals
C. Ensuring safety compliance
D. Finding different ways to use equipment
Answer:
b Developing long term goals
Question 10 Which one of the following is not a manufacturing company? O car dealer O Tailor O movie studios Orestaurant
The manufacturing company is a type of organization that produces goods by making use of labor, machinery, and raw materials. Its main goal is to produce and sell tangible products to meet the needs of its clients. It is one of the most common business structures around the world.
But among the given options, the company that is not a manufacturing company is Restaurant.Restaurant is a service company that provides food, drinks, and accommodation to its customers for a fee. It offers a variety of services, such as dine-in, take-out, drive-thru, and home delivery. It serves a wide range of food items, such as appetizers, main courses, desserts, and beverages. The restaurant can be specialized in various cuisines, such as Italian, Mexican, Chinese, and American. Its primary goal is to provide high-quality food and service to its customers to gain loyalty and reputation in the market.
Tailor is also not a manufacturing company because it is a service company that provides clothing-related services to its customers. It specializes in customizing, repairing, and altering clothing items according to the preferences and requirements of the clients. It uses various tools and techniques, such as sewing machines, scissors, and measuring tapes, to perform its services. Its primary goal is to provide high-quality clothing services to its customers to gain loyalty and reputation in the market.Movie studios are involved in the production and distribution of films, television programs, and other visual media.
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A country wants to create a fair economy for its people. The government takes control over the country's biggest companies and puts groups of workers in charge. All citizens are encouraged to share the wealth produced in these companies equally, This situation best reflects the influence of which economic thinker? O A. Adam Smith O B. Karl Marx O C. John Maynard Keynes O D. Thomas Robert Malthus
Answer:
B). Karl Marx
Explanation:
Karl Marx is the economic thinker whose influence has been best reflected in the given situation as it talks about socialism which is the intermediate phase between capitalism and attaining full communism as per Marx. Socialism advocates collective pr governmental ownership and administration of the means of production and distribution of goods as mentioned in this situation. It is the foundation to communist society (Marx's proposed version of an ideal economy) where the people hold the ownership of distribution of resources collectively. Thus, option B is the correct answer.
An employer can refuse to hire you if you refuse a drug screening test or background check.
Answer:yes
Explanation:
Answer:
true
Explanation:
What is
prioritizing?
prioritizing is treating something more important that others.
Explanation:
Answer:
Prioritization is the activity that arranges items or activities in order of importance relative to each other.
Explanation:
What are the costs of “freebie” items?
Answer:
The costs of a “freebie” item includes resources to make, a person's labor, and the cost to the store to offer it to us as free.
Explanation:
Answer:theres no cost its a freebie
Explanation:
if your a real larry fan you can finsh this song
This aint no race but i still take first.....
finsh it
Answer:ooh idk
Explanation:
Answer:
first place.. take yo man just to shove it in yo face..
lolz i haven't listened to that in a while
Explanation:
ttttpppwwkkk
Martin Company currently produces and sells 35,000 units of product at a selling price of $13. The product has variable costs of $7 per unit and fixed costs of $45,000. The company currently earns a total contribution margin of:
Answer:
The company currently earns a total contribution margin of $ 20
Which one of the following types of products is not subject to inelastic demand? a. Status-symbol cars b. Gasoline c. Electricity d. Dining room furniture.
Answer:
D
Explanation:
dining room furniture
Difference between assets and liabilities.
Answer:
see below
Explanation:
Assets are the things a person or a company owns. They are items precious to a business or an individual. Assets are things that can be assigned a monetary value. They are in the form of cash, properties, money market securities, machinery, plants and equipment, intellectual property rights, and many others.
Liabilities are money a business or person owes others. They are loans, debts, and obligations that need to be paid. Common liabilities include bank loans, unpaid utilities, and creditors such as suppliers.
Which of the following personal selling steps would a tickler file be helpful?
1. pre-approach
2.handling objections
3.closing the sale
4.the follow-up after the sale
Pre-approach is a phase in the personal selling process that would be useful. As a result, choice (A) is the right reaction.
What is personal selling?When a salesperson meets with a potential customer to close a deal, this is known as personal selling. A sequential sales process with typically nine steps is used by many salespeople. For all or a portion of the sales process, some sales professionals write scripts. Telemarketing and in-person interactions both employ the sales process.
The phrase can also be used to describe a scenario in which a business relies heavily on its sales force to interact with clients.
Hence, option (A) is accurate.
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Which type of chart or graph shows data with distinct x and y values?
O a bar graph
O a scatter plot
O a line chart
O a pie chart
Answer:
A. a bar graph is the answer
Delectable, Inc.'s unadjusted trial balance includes Accounts Receivable of $10,000; Allowance for Doubtful Accounts of $50 credit balance; and credit sales of $100,000. Based on an aging of its receivable, management estimates that $1,000 of receivables will be uncollectible. Delectable's financial statements will show ______. (Select all that apply.)
Answer:
Allowance for Doubtful Accounts of $1000 credit balance and Bad Debt Expense of $950 ($1000- 50 (unadjusted))
Explanation:
Delectable, Inc.'s unadjusted trial balance contains $10,000 in accounts receivable, $50 in allowance for doubtful accounts, and $100,000 in credit sales. Management predicts that $1,000 of receivables will be uncollectible due to aging. The financial statements for Delectable will indicate
Allowance for Doubtful Accounts of $1000 Bad Debt Expense of $950 Thus, option (b) and (e) is correct. What is Management?The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession. Management are they manage the organization. Management are based of the different functions are the step by step.
According to the management credit balance of $1000 and the Allowance for Doubtful Accounts of (1000-50)
Journal Entry Debit Credit
Bad Debts expenses 950
Allowance for Doubtful Accounts 950
Therefore, option (b) and (e) is correct.
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if the mean is 32 and the median is 40 what would be value of mode
Answer:
Step-by-step po:
3 Median = Mode + 2 Mean
Given: Mean = 30 / Mode = 40
Now: 3 Median = Mode + 2 Mean
=> 3 Median = 40 + 2 (30)
=> 3 Median = 40 + 60
=> 3 Median = 100
=> Median = 100/3
=> Median = 33.3
Explanation:
i will give brainiest if right please answer, Parker wants to develop new food sources for less-developed countries. He was raised on a farm, but doesn't plan to be a farmer. What kinds of careers should he consider?
A buying decision made quickly and with little thought is called a(n)
Answer:
B2C purchase made quickly and with little thought. routine buying decision. Process of communicating with potential customers in an effort to influence their buying behavior.
Explanation:
:)
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a copy company wants to expand production. it currently has 20 workers who share eight copiers. two months ago, the firm added two copiers, and output increased by 40,000 pages per day. one month ago, the firm added five workers, and productivity also increased by 25,000 pages per day. a copier costs about three times as much as a worker. assume these
Question: A Copy Company Wants To Expand Production. It Currently Has 20 Workers Who Share Eight Copiers. Two Months Ago, The Firm Added Two Copiers, And Output Increased By 40,000 Pages Per Day. One Month Ago, The Firm Added Five Workers, And Productivity Also Increased By 25,000 Pages Per Day. A Copier Costs About Three Times As Much As A Worker. Assume These
Hire another worker or purchase a new printer?
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A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers, and output increased by 40,000 pages per day. One month ago, the firm added five workers, and productivity also increased by 25,000 pages per day. A copier costs about three times as much as a worker. Assume these increases in productivity per worker and productivity per copier are good proxies for future increases in productivity when hiring additional workers or purchasing additional copiers. Based on this information, the copy company should hire another worker in order to expand output.
Based on the information provided, the copy company should hire another worker to expand output.
This conclusion is based on the fact that adding two copiers increased output by 40,000 pages per day, while adding five workers increased productivity by 25,000 pages per day.
Since the cost of a copier is about three times the cost of a worker, it would be more cost-effective to hire another worker rather than purchasing a new copier. By doing so, the company can further increase its output and productivity.
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Activity: Down Memory Lane
The objective of this activity is to help the students understand the phases of project management and how to handle issues that typically occur during a project.
INSTRUCTION: remember a past project and note how the project was implemented. You may share with me how the project was done:
• Name of the project
• What was it? (For school, club, community, personal, etc.)
• What was the objective of the project?
• How is the project executed?
• What were the issues the teams encounter during project implementation?
• How were these issues manage? What did the team do to troubleshoot the issues?
• Where there any changes? How did this impact the project?
The project I remember is a school project to design a 3D model of a historical monument.
The objective was to create a 3D model of a monument that would be used to teach students about the history of the monument.
The project was executed by a team of five students. The team used 3D modelling software to design the model.
The team encountered issues in using the software to create the model.
To troubleshoot the issues, the team consulted with their professor and had other students who had prior experience in 3D modelling assist them.
The team also made changes to the initial design of the model in order to make it look better. This impacted the project in that it took more time and effort to complete the model. However, these changes also made the model much more visually appealing and accurate.
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The marketing concept is all about meeting the consumer's_____. Choose the best answer.
A) needs
B) Wants
C) Expectations
D) None of the above
the allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of accounts receivable are uncollectible. the allowance for doubtful accounts has a debit balance of $110. the adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of:
The adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of $750
accounts receivable are uncollectible = $640
the allowance for doubtful accounts has a debit balance = $110.
Total amount by the end = $750
Credit is part of your monetary energy. It lets you get the belongings you need now, like a loan for a car or a credit score card, based to your promise to pay later. operating to enhance your credit score helps ensure you'll qualify for loans while you need them.
Credit is the accept as true with which permits one birthday party to offer money or resources to every other birthday celebration in which the second party does now not reimburse the first birthday party immediately, but guarantees both to repay or return those sources at a later date.
Credit score is the capability to borrow cash or get right of entry to goods or services with the understanding that you'll pay later.
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Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships.
Required:
1. The likelihood of a payment occurring is probable, and the estimated amount is $1.19 million.
2. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $0.99 to $1.19 million.
3. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.19 million.
4. The likelihood of a payment occurring is remote, while the estimated potential amount is $1.19 million.
Record the necessary entry for the scenarios given above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions. (i.e. 5.5 should be entered as 5,500,000).)
Pacific Cruise Lines, a defendant in litigation involving a swimming accident on one of its three cruise ships. Let's analyze each scenario and record the necessary journal entries.
1. The likelihood of a payment occurring is probable, and the estimated amount is $1.19 million.
Journal entry:
- Debit: Loss from Lawsuit (Expense) - $1,190,000
- Credit: Lawsuit Liability (Liability) - $1,190,000
2. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $0.99 to $1.19 million.
Journal entry (using the lower end of the range, since it's more conservative):
- Debit: Loss from Lawsuit (Expense) - $990,000
- Credit: Lawsuit Liability (Liability) - $990,000
3. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.19 million.
Journal entry:
- No journal entry required. However, a note should be included in the financial statements to disclose the contingency.
4. The likelihood of a payment occurring is remote, while the estimated potential amount is $1.19 million.
Journal entry:
- No journal entry required, as remote contingencies typically don't require recognition or disclosure.
Please remember to adjust the journal entries according to your specific accounting policies and consult your financial advisor for the best approach.
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each listed stock option contract gives the holder the right to buy or sell shares of stock. each listed stock option contract gives the holder the right to buy or sell shares of stock. 10 100 1000 1
The correct statement is:
Each listed stock option contract gives the holder the right to buy or sell 100 shares of stock.
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What is meant by 'internal communication'
Answer:
Internal Communication is a Function responsible for effective communications among participants within an organization. The scope of the function varies by organization and practitioner, from producing and delivering messages and campaigns on behalf of management, to facilitating two-way dialogue and developing the communication skills of the organization's participants.