Evaluate The Effectiveness Of Stock Recording Methods

Question 16 Managers who optimize their decisions will attempt to choose a) the first minimally acceptable alternative. b) among those alternatives with variable results. c) the least expensive alternative. d) that alternative that produces the least conflict. e) an alternative that achieves the best possible balance among several goals.

The performance factors most relevant to our vendor selection are cost, flexibility, speed and quality. Our evaluation will prioritize quality first, speed second, flexibility third and cost lastly.

Profitability: the main problem that troubles the company right now is the declining profits. Hence, the key factor of evaluating an alternative is its profitability. It will be measured simply by calculating the net income earned by the company.

The following are some of the characteristics that were taken into consideration when evaluating the best mode of entry.

There are various factors that are likely to affect how appropriate monitoring systems .Evaluation variables and information systems are the main factors to be considered when making a decision on the most appropriate systems (Sepehri, 2011).

In further discussion we shall compare the two and cover every aspect of each of the method and shall decide as to which is the method that should be put to use.

the other methods, especially regarding capital expenses. The higher level of automation with this technique

The decision-making factor can be improved and strengthened if both of these companies give more emphasis on the recommendations made by the employees. It will

One potential factor contributing to choosing a particular administration technique is cost. The cost of an administration technique includes the implementation costs of obtaining the infrastructure (e.g. computers, test administrators, testing areas) needed to administer the test in a

Decision-making is the act of choosing one alternative from among the set of alternatives. The decision-making process is recognising and defining the nature of decision situation, identifying alternatives, choosing the best alternative, and putting it into practice. (Griffin R, 2012). Decision making process also helps businesses allocate scarce resources by individuals or groups to achieve goals under conditions of uncertainty and risk. Sometimes, groups choose better decisions than individuals. It is important to realise that effectiveness of decision is different than ease of decision. Once goal has been established, managers could adopt the classical model or the rational decision making model. There is also a risk of uncertainty which states that the manager does not know all the possible alternatives and their possible consequences. In this issue, rational decision making is used.

There are number of concrete factors to keep in mind when considering change, for example, the use of

Detail research of the option available to take the decision and the outcomes of that decision is the seven-step decision-making model. After selecting the information that is analyze, decision makers will team up by presenting personal data about the information. Any decision making model used will start with analyzing the problem that makes a

1. Comparison of the decision factors created with the criteria established to arrive at a decision

Each of the four methods concerns about the current process used by the company. Employees review current processes and find ways how to make the process more efficient. Effects of methods are also considered. Effects of using one method are cost of producing product, pressure on employee and quality of the final product.

It is fact that important business decisions are often made using one or more of the above analytical tools. However, there are some limitations of these tools and the financial statements on which they rely.