Business decisions may be made by interpreting facts derived from statistical analysis of the variables of the process associated with the decision or by applying instinct about or insight into the business process. When might a decision be made by these latter more "unstructured" techniques?
Instinct or insight is always used in decision-making.
When variables associated with the business process cannot be measured.
When the business process on which the decision is made is unknown.
Instinct is part of statistics.
Answers
Business decisions are often made using a combination of structured, data-driven analysis and more unstructured techniques such as instinct and insight.
While statistical analysis can provide valuable information about variables associated with a business process, there are times when these variables cannot be measured or when the business process itself is unknown. In these situations, decision-makers may rely more heavily on their instincts and insights to guide their choices.
For example, when making a decision about whether to invest in a new product line, there may be limited data available about the potential market demand or consumer preferences. In this case, decision-makers may need to rely on their instincts and insights about the industry, the company's strengths and weaknesses, and other factors to make a choice. Similarly, when faced with a rapidly changing market or unexpected disruption, decision-makers may need to rely more on their instincts and experience to make quick and effective decisions.
It is important to note that while instincts and insights can be valuable tools in decision-making, they should not be used as a substitute for data and analysis. Rather, they should be used in combination with other information sources to ensure that decisions are well-informed and grounded in the realities of the business environment.
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Related Questions
employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the nearest quarter hour?
A. False
B. True
Please be right
Answers
Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answers
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
What is the future value of $25,000 invested for 10 years with a rate of return of 8%?
Answers
Answer:
6% on an investment that will return $450,000
Explanation:
9. The financial aid you receive is called
1) an award
2) a grace period
3) a renewable award
4) non-renewable award
Answers
An Award.
Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government
Answers
Answer:
A
Explanation:
Answer:
It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST
Explanation:
Also, if i'm right there is no need to thank me unless you want too
What causes the cost of a good to increase? low demand and low supply high demand and high supply low demand and high supply high demand and low supply.
Answers
Answer:
The answer is D. High demand low supply
I got it right on egde
Explanation:
Answer: D
Explanation: I got it right
Find the per capita GDP when the GDP of a country is $1.5 trillion and the country's population is 300 million
Answers
The nation's GDP per person would be $5,000. The total production produced inside a country's borders is represented by its GDP.
How can you locate the GDP?GDP determines the dollar amount of the consumable goods and services produced in a country over a given time period (such as a quarter of a year).
The GDP, which is commonly calculated "without twice adding the intermediate products and services used used to make them," is the market price pf all the final goods and services produced or sold in an amount of time by a nation or nations.
You could divide the nation's GDP ($1.5 trillion) by its population (300 million) to obtain its GDP per capita.
GDP per person equals $1.5 trillion divided by 300 million, or $5,000.
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Answer:$5000
Explanation:
Mary likes pie. her total utility is the ____________ satisfaction from eating _____________ pie(s).
Answers
Mary likes pie. Her total utility is the satisfaction from eating a certain number of pie(s). The concept of utility refers to the level of satisfaction or pleasure that individuals derive from consuming a particular good or service. In this case, Mary's total utility would represent the overall satisfaction she experiences from eating a certain number of pies.
To calculate Mary's total utility, we need to consider the principle of diminishing marginal utility. This principle suggests that as Mary consumes more pies, the additional satisfaction she derives from each additional pie will gradually decrease. So, if Mary were to eat one pie, her total utility would be high as it satisfies her craving for pie. However, if she were to eat a second pie right after, the additional satisfaction she gains would be less than the first pie. This process continues, and as Mary consumes more pies, the additional satisfaction she gains decreases further. It's important to note that the exact level of satisfaction cannot be quantified without further information or data. Nonetheless, we can conclude that Mary's total utility represents the overall satisfaction she experiences from eating a certain number of pies, taking into account the diminishing marginal utility principle.
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What is education, what is training?
Answers
Education is a process in which one learns to discover and generate new knowledge. Training is a process that aims at acquiring specific skills to be implemented with certainty at the end of the process.
Education refers mainly to the transmission of knowledge. It is defined as the systematic process of learning something to acquire knowledge. Acquiring knowledge can be based on learning theories, concepts, facts, etc. It is usually considered for the long-term and in a theoretical sense.
Training means learning to thrive and implement a specific skill to fulfill a role competently. It is usually considered short-term and practical sense.
The purpose of training is to improve performance and productivity in specific tasks. At the same time, education pursues to development of a sense of reason and judgment for all kinds of professional or personal life situations.
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Based on the items discussed in Chapters 33&34 (and your research in the last discussion post) regarding how fiscal and monetary policy can adversely or positively affect the laws of aggregate demand and aggregate supply, this question will test your knowledge further. The rationale is that public policy, as set forth by either the President and Congress or the Federal Reserve can have immediate and lasting impacts on the overall health of the U.S. economy through the aggregate demand and aggregate supply curves. For instance, a tax-cut proposal (stimulus check refund) essentially puts more discretionary income into the hands of consumers and increases spending levels, thus shifting out the aggregate demand curve, and expanding growth. You do not need to draw a graph but do need to pick one policy platform and explain how it could affect total output, prices, etc., While drawing a graph is difficult here, you are just challenged with picking ONE public policy item, and using at least 3 sources to describe how you think the long-run outcome will affect the overall economy? This may be in the area of prices and inflation, unemployment, or economic growth. You can take the optimistic side of a policy tool or the protagonist's side, and argue a policy tool will cause harm to economic growth, inflation, or unemployment. While I am interested in your creativity and research skills, this does come down to your opinion but it must be substantiated by sources and documented ones.
Answers
One public policy item that can have significant impacts on the overall economy is an increase in minimum wage. Increasing the minimum wage is a policy tool aimed at addressing income inequality and improving the standard of living for low-wage workers. However, the long-run outcome of this policy on the overall economy is subject to debate. Here, I will present the potential negative effects of a minimum wage increase on economic growth, unemployment, and prices, supported by sources.
1. Economic Growth: Some argue that increasing the minimum wage could potentially hinder economic growth. They contend that higher labor costs resulting from a minimum wage hike could lead to reduced profitability for businesses, especially small businesses that may have limited resources to absorb the increased costs. This, in turn, could discourage investment and entrepreneurship, potentially impacting overall economic growth. A study by Neumark, Salas, and Wascher (2014) found that minimum wage increases tend to have a negative effect on employment, particularly for low-skilled workers, which could further impact economic growth.
2. Unemployment: Critics of minimum wage increases argue that it could lead to higher unemployment rates, particularly among vulnerable groups such as young and low-skilled workers. When the cost of labor rises, businesses may respond by reducing their workforce or limiting new hiring. This could result in higher unemployment rates and potentially exacerbate income inequality. A study conducted by the Congressional Budget Office (CBO) in 2019 estimated that a federal minimum wage increase to $15 per hour could result in the loss of 1.3 million jobs.
3. Prices and Inflation: Increasing the minimum wage can also have an impact on prices and inflation. Proponents argue that higher wages for low-income workers can stimulate consumer spending, which may contribute to increased demand and potentially higher prices. Additionally, businesses facing increased labor costs may pass on the additional expenses to consumers through higher prices for goods and services. However, the magnitude of the impact on prices and inflation is subject to various factors, such as the degree of market competition and the ability of businesses to absorb the increased costs.
It is important to note that the impact of a minimum wage increase on the overall economy is complex and can vary depending on several factors, including the magnitude of the increase and the specific characteristics of the labor market. While the sources provided support the potential negative effects, there are also studies that suggest more nuanced outcomes. It is advisable to consider a range of perspectives and empirical evidence when evaluating the potential impacts of policy decisions.
Sources:
- Neumark, D., Salas, J. I., & Wascher, W. (2014). Revisiting the minimum wage-employment debate: Throwing out the baby with the bathwater? Industrial and Labor Relations Review, 67(2), 608-648.
- Congressional Budget Office (CBO). (2019). The effects on employment and family income of increasing the federal minimum wage. Retrieved from https://www.cbo.gov/publication/55410
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This graph shows the relationship between the amount of two products a
company can make. This is also known as a(n):
Product A
7
3
A
VO
39
Product B
OA. opportunity cost graph.
OB. capital investment model.
OC. projected annual growth plan.
OD. production possibilities curve.
QB
65
Answers
The graph which shows the relationship between the amount of two products a company can make is also known as a production possibilities curve. The Option D is correct.
What is the use of production possibilities curve in economics?The Production Possibilities Curve (PPC) is a model that illustrates the tradeoffs involved in allocating resources between the production of two goods. Scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions can all be illustrated using the PPC.
Because the PPF is a curve based on two variables representing resources between two goods, the data can be manipulated to see how scarcity, growth, inefficiency, efficiency, and other factors affect production.
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hsu-mei wants to save $5,000 for a down payment on a car. to the nearest dollar, how much will she need to invest in an account now with 7.5% apr, compounded daily, in order to reach her goal in 3 years?
Answers
Suppose the amount is A
% interest rate per day is 7.5 / 365
3 years = 3 x 365 = 1095 days
So 5000 = A (1 + (7.5 / 36500))1095
You can solve this for A, she needs to invest in an account now with 7.5% apr, compounded daily, in order to reach her goal in 3 years.
An investment is the giving of money to purchase an asset in order to achieve an increase in value over a period of time. Investment requires the sacrifice of some current asset such as time, money, or effort. In finance, the purpose of investing is to generate a return on the invested asset. Income can consist of a gain (gain) or loss realized from the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest or rental income, or a combination of capital gain and income. Income may also include currency gains or losses due to changes in foreign currency exchange rates.
Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is generally low as well. Similarly, high risk comes with the possibility of high losses. Investors, especially novices, are often advised to diversify their portfolios. Diversification has a statistical effect of reducing overall risk.
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When an account payable is paid off in full, an entry is journalized that credits
which account?
O A. Accounts Payable
B. Accounts Receivable
C. Cash
D. Income
Answers
Answer:
B
Explanation:
Sam has been working in the same position without any promotion or salary increase for 2 years. He currently makes $45,000 per year, but he thinks that someone with his experience should make $50,000. During his annual appraisal, he approaches the topic with his boss. Sam asks for a $10,000 a year raise. His boss says that the current budget cannot support such an increase. Sam then asks for a $5,000 a year raise, and his boss agrees. Which technique did Sam use to attain compliance from his boss
Answers
Answer:
The door in the face technique
Explanation:
With the information provided, the answer is that Sam used the door in the face technique because this is a method in which a person tries to convince another one of something by making a big demand that is unreasonable and that will be denied, so the person will accept another request that is reasonable and this is what Sam did as he requested a $10,000 a year raise that was denied and then, asked for a $5,000 a year raise that his boss accepted.
taylor what happened
Answers
Answer:
whos taylor?
Explanation:
i dont know anyone named taylor so...
Answer:
do fish get thristy? this is a assignment for health
You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?
Answers
Answer:
The change should you expect in operating cash flows next year would be 19.60%
Explanation:
In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:
change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year
change should you expect in operating cash flows=2.8*0.07
change should you expect in operating cash flows=19.60%
The change should you expect in operating cash flows next year would be 19.60%
The accompanying table shows a portion of the annual returns (in %) for a technology mutual fund and an energy mutual fund from 1982 through 2018.
a. Which fund had the higher reward over this time period?
__________ since it has _________ ___________
b. Which fund was riskier over this time period?
__________ since it has _________ ___________
Answers
a) The technology fund had the higher reward over this time period since it has a higher average annual return.
b) The energy fund was riskier over this time period since it has a higher standard deviation of annual returns.
a. To determine which fund had the higher reward over this time period, we need to calculate the average annual return for each fund and compare them. The technology fund had an average annual return of 10.22%, while the energy fund had an average annual return of 8.02%.
b. To determine which fund was riskier over this time period, we need to look at the standard deviation of the annual returns for each fund. The technology fund had a standard deviation of 18.25%, while the energy fund had a standard deviation of 23.88%. A higher standard deviation indicates more variability in returns and higher risk.
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The advertising industry was worth how much money in 1920
Answers
Answer:
nearly 3 billon
Explanation:
Ttttthhhhheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee accounf is not working
Answers
Answer:
Step by step explanation
Sue wants to work as a chemical engineer for either a large corporation or the government. What would you advise her to
do while she is earning her bachelor's degree to gain some real-world experience in the field of chemical engineering while still earning
college credits ?
a) Apply for a cooperative education experience, through her university, at a company or an agency that will provide her real work
experience in her field of study
b) Study hard and wait until she earns her degree to get experience
c) Take a job on campus working in the office typing papers for engineering professors
d) Take a part-time job working nights at a pharmacy
Answers
Answer:
A
Explanation: The most common reason tbh.
Answer: A
And just trust
Scheduling a production shop. midwest parts supply (mps) is a fabricator of small steel parts that are sold as components to manufacturers of electronic appliances and medical equipment. in the mps fabrication department, steel sheets are subjected to a series of three main operations—cutting, trimming, and polishing—which must be completed in this order. each machine processes the jobs in the same order, so it is sufficient to specify a single job sequence in order to describe a schedule. no machine can process more than one job at a time.
this morning, ten jobs have been released to the shop by the erp system, and the production manager is interested in minimizing the time it takes to complete the entire schedule, usually referred to as the schedule makespan. the following table gives the number of hours required for each operation.
what sequence achieves the minimum makespan and what is the minimum length of a schedule?
Answers
The best scheduling to use to ensure that the ten jobs are done in the minimum amount of time is the SJFS.
What is Shortest Job First Scheduling?This refers to the type of scheduling that makes use of an algorithm to process the shortest time to complete execution and reduces the average awaiting time for other processes to execute.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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As a recent college graduate, Jonah started working for an export trading company. His job has already taken him around the globe, including Asia on several occasions. He was amazed to see the difference in working conditions in the developing nations he visited, as opposed to similar operations in the United States. The expectations of workers were not the same. Jonah's experience is an example o
Answers
Answer: social responsibility differences between similar firms, but in different countries.
Explanation:
From the information given, we can deduce that Jonah's experience is an example of social responsibility differences between similar firms, but in different countries.
The difference in working conditions in the developing nations he visited, is due to the social responsibility as this has resulted in a positive impact on the society as whole.
Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)
Answers
Another area in which Amazon has found another tax loophole in order to evade taxes is:
They make use of foreign based companies to receive payments from customers in another country.What is a Tax Loophole?This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.
One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.
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In the United States, there are various forms of economic oversight that are performed by the government. Sometimes the government will step in when they feel the need to encourage competition in a particular industry and to break up companies that have nearly complete control over a particular market. What is this called when the government initiates action against companies that appear to have too much power?
Answers
Antitrust laws initiate action against companies that appear to have too much power.
Antitrust laws are rules that promote competition by restricting a firm's ability to dominate the market. This frequently entails dismantling monopolistic enterprises as well as making sure mergers and acquisitions don't excessively concentrate market power.
Additionally, cartels or groups of companies working together to restrict competition through tactics like price fixing are prohibited by antitrust laws. Antitrust law has developed into distinct legal expertise as a result of the difficulty in determining what actions may restrict competition.
Federal antitrust laws are currently enforced by the Federal Trade Commission, often in cooperation with the Department of Justice.
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when firm one acts as a stackelberg leader group of answer choices firm two produces the monopoly output. firm one will earn less than if they compete in a cournot fashion. firm two will earn more than if they compete in a cournot fashion. firm two produces output according to its cournot reaction function.
Answers
When firm one acts as a Stackelberg leader, it chooses its output level first, taking into account the reaction of firm two. Firm two then produces output based on its Cournot reaction function, which takes into account the output of firm one.
In this scenario, firm two produces the monopoly output, which means that it produces at a level where marginal cost equals marginal revenue, which is lower than the output level in a Cournot equilibrium. As a result, firm two will earn more than if they compete in a Cournot fashion because they have more market power and can charge a higher price.
However, firm one will earn less than if they compete in a Cournot fashion because they have less output and market share, which means they have less power to influence the market price. The Stackelberg leader sacrifices some of its output to increase its profit margin on the remaining output. In contrast, in a Cournot equilibrium, both firms would produce a higher output level, resulting in a lower market price and lower profit margins for both firms.
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The term ___________________ describes the proportion of deposits that the bankmust hold in the form of reserves that are not loaned out or invested in bonds.A. reserve ratioB. reserve fundsC. term depositsD. bond reserves
Answers
The term reserve ratio describes the proportion of deposits that the bank must hold in the form of reserves that are not loaned out or invested in bonds. Option A is correct.
The reserve ratio – also referred to as bank reserve ratio, bank reserve requirement, or cash reserve ratio – can be defined as the percentage of deposits a financial institution must hold in reserve as cash. The institution that determines the required amount of reserve ratio is the central bank. A bank’s reserve usually consists of money that is held in its vault. Banks also have cash kept in their account at the central bank. The reserve ratio helps ensure that banks have enough liquidity to meet their financial obligations and maintain stability.
Thus, reserve ratio describes the proportion of deposits that the bank must hold in the form of reserves that are not loaned out or invested in bonds. Option A is correct.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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What is meant by the invisible hand? Explain thoroughly using these terms in your explanation; “competition” “self-interest” “self-regulating
Answers
Answer:
The invisible hand is the term in economics and political philosophy for the invisible mechanism that drives a free market system, coined by economist Adam Smith. Ever since then, it has been a central concept for economists and conservative politicians in their arguments for a pure, non-state intervention free market, laissez-faire policy.
In his analysis, Adam Smith argued that the free market itself is a mutually beneficial arrangement that occurs in itself, spontaneously, as if some invisible hand is operating, by a chain of thousands of exchanges without participants thinking anything about the consequences.
Therefore, through competition guided by the market participants' self interests, all market participants would benefit in a collateral way, provided that there is a proper self regulation of the market, and not a regulation guided by the government.
Which document describes a worker's employment experience, strengths, skills, education, and other qualifications?
A.
Resume
B.
Cover letter
C.
Referral
D.
Reference
Answers
Answer:
A. Resume
Explanation:
A resume is a document prepared by a job seeker to itemize their education qualification and work experiences. It is a formal document sent to a potential employer by a job applicant. The resume shows an applicant's qualifications for the position advertised.
A resume is usually sent together with a cover letter.
Answer:
It's A
Explanation: hope it helps ^w^
"Bronson Manufacturing is planning to issue $12 million in bonds. Based on a poll of potential investors, they have the highest chance of raising the funds they need with one of four sets of bond characteristics. Which option would cost them the MOST in total interest over the life of the bond
Answers
Answer:
C.eight-year bond with 5.5% annual interest rate
Explanation:
The computation of the total options under each option is as follows:
As we assume the par value be $1,000
For Option A
Total interest
= 9.5% × $1,000 × 3 years
= $285
For Option B
Total interest is
= 7.25% × $1,000 × 4 years
= $290
For Option C
Total interest is
= 5.5% × $1,000 × 8 years
= $440
For Option D
Total interest is
= 6% × $1,000 × 6 years
= $360
As we can see that the option C contains high value of the total interest. So the same is to be selected