Explore BrainMass

Business Policy and Implementation

Decision Making process

Can you help me get started with this assignment? Review the the following paragraph: Decision making is a process by which several possibilities are considered and prioritized, resulting in a clear choice of one option over others. Decision making is a fact of life personally and in business. We make dozens of decisions e

Tony's Electronic Corp, make or buy a certain part

48. Tony's Electronic Corporation needs 12,000 units of a certain part to be used in the production of its karaoke machines. If Tony's Electronics buys the part from Scott Company instead of making it themselves, Tony's could not use the present facilities for another manufacturing activity. Sixty percent of the fixed overhead a

What is a mental model or mindset; which forces influence it, limitations in decision making related to it, and What forces influence a mental model/mindset, and what forces cause the evolution of that mental model/mindset? How has your mental model/mindset limited your decision making? These questions are answered in detail by a professional with a graduate degree.

What is a mental model/mindset? What forces influence a mental model/mindset, and what forces cause the evolution of that mental model/mindset? How has your mental model/mindset limited your decision making? This is part of the answer... It starts with one's parents or caregivers and other influential people in the pers

Decision Trees: Evaluate Carl Draper's decision about selling his movie script

Young screenwriter Carl Draper has just finished his first script. It has action, drama, humor, and he thinks it will be a blockbuster. He takes the script to every motion picture studio in town and tries to sell it but to no avail. Finally, ACME studios offers to buy the script, for either (a) $10,000 or (b) 1 percent o

Expected Opportunity Loss Criterion

See the attached file. The following is an opportunity-loss table. Opportunity-loss table. State of Natures Alternatives A B C Alternative 1 20 100 0 Alternative 2 100 0 25 Alternative 3 0 40 90 The probabilities for the states of nature A,

Decision Making and Relevant Information

Louder Company manufactures part MNO used in several of its truck models. 10,000 units are produced each year with production costs as follows: Direct materials $ 45,000 Direct manufacturing labor 15,000 Variable support costs 35,000 Fixed support c

Decision-Making Tools

Hi, I'm a bit confused with a practice problem. An Universities' bookstore stocks textbooks based on departmental forecasts and pre-registration records to determine how many copies are needed. Pre-registration shows 90 students enrolled, but the bookstore manager says that based on his intuition and some historical evidenc

Relevant cost and revenue for decision making: Old machine vs new machine

KEEP OLD MACHINE OR REPLACE WITH NEW MACHINE A new $300,000 machine is expected to have a 5-year life and a terminal value of $0. It can produce 40,000 units a year at a variable cost of $4 per unit. The variable cost is $6.50 per unit with an old machine, which also has a capacity of 40,000 units a year and a book value of

Explain why decision making is an important component of good management

Can you help me get started on this assignment? 1.Explain why decision making is an important component of good management. 2.Discuss the difference between programmed and non-programmed decisions and the decision characteristics of certainty and uncertainty. 3.Describe the ideal, rational model of decision making and the p

Utility and Decision Making

Frank is faced with a decision about whether to take a bet with a friend or get $20 for sure. If he wins the bet, he gets $50, if he loses the bet, he has to pay $50. For Frank, the utility of $50 is 10 and the utility of paying $50 is 0. The utility of the $20 sure thing is: U($20) = p*U($50) + (1-p)*U(-$50) When p = .8,

Making a Credit Decision

Prior to making a credit decision, we should always check the applicant's: a. capacity, cash, and collateral. b. character, capacity, and collateral. c. collateral, credit, and cash. d. collateral, character, and current assets.

Accounting for Decision making and control. 6th Edition

Potter-Bowen (PB) manufactures and sells postage meters throughout the world. Postage meters print the necessary postage on envelopes, eliminating the need to affix stamps. The meter keeps track of the postage, the user takes the meterâ??s counter to a post office and pays money, and the post office initializes the meter to

Accounting for decision making and control

US Copiers manufactures a full line of copiers including desktop models. The Small Copier Division (SCD) manufactures desktop copiers and sells them in the United States. A typical model has a retail price of less than $500. An integral part in the copier is the toner cartridge that contains the black powder used to create th

Business policy example problem

Please help me with the following issue: a. Does an organizations culture follow its strategy or does an organizations strategy follow its culture? b. Explain why in complete detail. Please provide sources.

Decisions in Paradise

I need help with the following paper: After reading the Decisions in Paradise Business Scenario, assume the role of Nik, and use your current employer (or one with which you are familiar) as the organization represented by Alex, Nik, and Chris. Prepare a paper, in which you develop the preliminary considerations for your o

Group Decision Making

Decisions made by groups are far superior to decisions made by individuals. Do you agree with the previous statement? Substantiate your responses with examples.

Rational model of group decision making

Explain the rational model of group decision making in terms of a real life example. Select a problem at work and then discuss each step through which you would lead a group to reach a decision.

Business policy and strategy

In your opinion, when would forward integration be a particularly good strategy to pursue? What makes change so difficult for most individuals, and how can this process be improved to lessen the threat? David, Fred. R. (2009). Strategic management concepts (12 th ed.) Upper Saddle River, NJ: Prentice Hall

Decision Making and Decision Trees

1. List the major decisions that you have made during the past year, and identify the decision-making conditions under which those decisions were made. Determine whether you recognized those conditions at the time, whether those were truly fixed conditions or if they could have been changed, and whether recognition of those con

Strategic Management and Business Policy

Using your text, Course Materials, the AIU Library, and Internet resources, explain the Strategic Management process. Include the different aspects of the Strategic Management process. Superior posts will include examples from industry.

Quantitative Methods for decision-making: Microcomp's new facility

12-Microcomp is a U.S.-based manufacturer of personal computers. It is planning to build a new manufacturing and distribution facility in either South Korea, China, Taiwan, the Philipines, or Mexico. It will take approximately 5 years to build the necessary infrastructure (roads, etc.), construct the new facility, and put it i

Consumer Decision-Making Process

The consumer decision making process consists of various stages. The first step in the consumer decision making process is recognition of problem. The buying process starts when consumer recognizes the need to buy a product, say an automobile or car. For example, let's assume that a person recognizes that needs an automobile

Consumer Decision-Making Process

Hi! I need assistance with some ideas for the following: Write a response in which you summarize the elements of the consumer decision-making process. Address the following: *Discuss how marketers can use the process to drive buyer's actions. *Explain the impact of consumer satisfaction on marketing. *Reference the cour

Environmental Protection and Business Policy

Discuss the roles of government, business, and the consumer in environmental protection. Justify your position. Look into environmental protection. Select a business you are familiar with and develop an environmental policy statement for that organization. The policy statement must have the following components: - Basic p

Strategically Relevant Dimensions of a Business Plan

For this assignment and other case assignments that require a strategic group map, you need to prepare only the final maps. You do not need to list all of the steps and decisions needed to develop them. However, for this Discussion Forum, please document all of the steps needed to create a specific strategic group map for the be