IT helps managers make faster decisions by providing them with real-time information Select one: O True O False
Q: A. In finding a location, the higher the foot-traffic means the higher the sales. B. Knowing the…
A: Yes it is true, in finding a location , the higher the foot traffic means higher the sales. Foot…
Q: In computer−integrated manufacturing technology (CIM): A. managers do not need to develop…
A: The production system is the system in which finished products and manufactured by transforming raw…
Q: Decision making can only be made through "reasoned" decision process. Select one: O True O False
A: Decision making is the vital part of any organisation. It is the most essential and crucial process…
Q: Which of the following is not included in the planning and decision making function of management?…
A: A decision is the conclusion of an interaction by which one picks either at least two accessible…
Q: Planning discovers the worst alternative out of available many alternatives Select one: O a. False O…
A: Planning discovers the best alternative out of the choice of alternatives available It helps in the…
Q: The first step in the decision-making process is recognition of a problem or opportunity. Select…
A: Dear student as per our guidelines we can answer only 1 question in case of multiple questions…
Q: The more information a manager has, the less risk there is that a decision will be incorrect.; True…
A: its true It is important to recognize that managers are continually making decisions, and that the…
Q: After finishing your Bachelor of Accounting, you joined a multinational enterprise in 2007. During…
A: Enterprise Resources Planning System (ERP) In today's world of business, the uses of enterprises…
Q: What will happen if the organization is confident that it can predict demand with 100% accuracy?
A: If an association is confident that it can anticipate demand with 100% precision, it will have the…
Q: A very famous proverb in management is that “Control over resources means control over…
A: When it keeps checking on its resources and workforce, an organization can achieve its targets more…
Q: The ability of an organization to adjust quickly to true changes in the base level of demand is…
A: We would solve the given problem along with justified reasoning. Please refer to step 2 for a…
Q: (c) “A decision-making process will have a higher chances to achieve the most effective result".…
A: Engineering economy is the specilaized study of economical and financial aspect of decision making.…
Q: Strategic reference points are the less visible, internal decision-making routines, problem-solving…
A: A strong business culture exhibits good attributes that contribute to better productivity, whereas a…
Q: An organic system emphasizes top down authority and centralized decision making. Select one: a. TRUE…
A: A natural hierarchical design is portrayed by an incredibly level announcing structure inside an…
Q: True or false? Strategic change can happen at the tactical level. True False
A: The tactical plan describes the strategies the agency plans to apply to acquire the aims mentioned…
Q: Situations with important consequences for the organization that are poorly defined and unstructured…
A: d. Non-programmed DecisionsNon-programmed decisions are defined as unstructured decisions that are…
Q: Quick decision making: The decision-making process is decentralised, bringing it closer to the…
A: Organization consist of two type of structure - Centralization- In centralization structure all…
Q: A strategy can be defined as a set of related actions that managers take to increase their company's…
A: Organizations would have objectives to be achieved in a stipulated time frame. The managers of the…
Q: Discuss the management controls to put in place to manage more effectively both production and the…
A: An organization in which the manager knows how to control and manage its employees is known as an…
Q: “More emphasis should be given to external supply of the employees for meeting the future needs…
A: I completely agree with this statement. Employees for meeting the future needs from external sources…
Q: IT makes managers ________ productive and ________ the number of employees who can report to a…
A: IT stands for information technology. It refers to the use of computer for storing and processing…
Q: According to Josh Lerner non-monetary recognition given to people in a company who solve important…
A: Non-monetary transactions or decisions in a company means those decisions which are not related to…
Q: 21. For effective decision-making processes, the least the numbers of the levels in the hierarchies,…
A: An individual's decision-making process is a sequence of processes they take to identify the best…
Q: Strategies on how to improve order accuracy in the restaurant. Discuss briefly the action/corrective…
A: The percentage of all digital commerce orders that are completed and transported to their ultimate…
Q: Line positions support staff positions in decision making.;True or False
A: Identifying a decision, gathering information, and evaluating alternative solutions are all steps in…
Q: The following attributes are all a part of business ethics except: understanding the facts…
A: Ethics is focused on well-founded norms of right and wrong that dictate what people can do,…
Q: Answers
A: The Andhra to the fifth question is true. The reason is research firms provides best service in…
Q: sibly be correct is
A: Eliminating Answer means to dispense with something, particularly something you don't need or need,…
Q: Absenteeism, unmet targets, are signs of poor operational and strategic decisions Select one: True…
A: Strategic decisions refer to those decisions that are generally concerned with the entire…
Q: True or False? Too little conflict in an organization can lead to unhealthy conformance, poor…
A: Task-based conflicts are those types of conflicts which arise among the team members when they…
Q: Outcome and operations are one of the three activities for thinking about analysis. True False
A: Thinking for analysis requires various different factors to consider before taking and coming to a…
Q: Lack of internal control could lead to * poor management decisions excessive…
A: In any company, internal control is a must and plays a crucial role in the business's achievements…
Q: Assume a company reported the following resuts $400,000 260,000 140,000 Sales Variable expenses…
A: given, Sales = $400,000 Net operating income = $100,000 Average operating assets = $7,75,000
Q: Which one of the following statements is true as it relates to the controlling facet of management?…
A: The ability to make decentralized decisions is a key benefit of organizational control , is true…
Q: A multitude of business problems can be analyzed and solved by decision trees. They are useful tools…
A: A decision tree can be defined as the managerial tool which gives us all the decision alternatives…
Q: 52 & 53
A: Note: Answered the first question. Kindly post another question separatelyDetermine the option that…
Q: Control of operations involves important decision-making and capability decision-making is one of…
A: Decision making is a process of choosing the best options among the alternatives available. It has a…
Q: Considering many variables to take a decision is called: a. Simple decisions O b. Complex decisions…
A: Complex Decision is the decision where there are multiple answers that requires to evaluate all the…
Q: An objective, logical, systematic approach for making major decisions in an organization is a way to…
A: Strategic management, in the field of management, refers to the development and execution of key…
Q: Ms. Shima lost her husband in a road accident recently. She has 4 kids. She would like to start a…
A: Ms Shima lost her husband in a road accident recently. She has 4 kids.
Q: A conflict of interest can occur when a decision maker’s personal interests interfere to the extent…
A: Decision-making is one of the key processes to arrive at a specific conclusion. While making a…
Q: Which of the following are examples of common behavioral errors in decision making (multiple correct…
A: General preferences and perception flaws are usually accused of wrong decision-making. General…
Q: Your Opinion about this statement ""The production of too many useful things results in too many…
A: Production of too many useful things results in too many useless people is a statement quoted by…
Q: Just because two activities are important elements of a single value-creation process does not mean…
A: People are motivated by needs. It is these needs that make the people work and earn their…
Q: ( Traditional industries are characterized by high rate of innovation and fast changes. Select one:…
A: These days all the organizations are doing innovations and the organizations are bringing in new…
Q: An asset is a resource with economic value that an individual, corporation or country owns or…
A: There is no surprise that the smartphone has become deep-seated in every aspect of our lives.…
Q: A strategy is a broad set of organizational plans for implementing the decisions made for achieving…
A: Business strategy is made from an extensive corporate strategy. It specifies specific tactics and…
Q: Generally, managers are important in order to partially success in critical things Select one:…
A: Generally, managers are important in order to partially success in critical things
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- We typically make decisions by relying on one or more of the following: 1) Our gut instinct. 2) Our experiences. 3) Our education. What is the value of the Business Analytics course in your current or future business area and how will it improve your decision making?Identify an industry that is undergoing intense competition or is being featured in the busines press. Discuss how scenario planning might be used by competitors to prepare for future events. Can some industries benefit more than others from this type of process? Explain why? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.In business, a decision support system (DSS) is an information system that facilitates decision-making procedures requiring judgment, determination, and a sequence of actions. Provide an overview of the different components of the DSS. What function does DSS play in the transformation of the IT industry?
- There are many examples of organizations that made decisions based on the analysis of data that was not properly prepared. 1. Identify an instance of this happening and share it with the class. 2. Discuss others' examples with suggestions of how data preparation might have helped the organization avoid problematic analysis and decision-making later on.Which among the following is one of the advantages of the McKinsey 7S model 1-It is considered a long-term model 2-With the changing nature of businesses, it remains to be seen how the model will adapt. 3-It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 4-It is considered a longstanding theory, with numerous organizations adopting the model over time.What is the main distinction between a management information system and a decision-making support system?
- Answer on these two senarios: Senario 1: You have decided to form a new start-up company developing applications for the iPhone. Give examples of the three distinct types of financial decisions you will need to make. Senario 2: You are the CEO of a company and you are considering entering into an agreement to have your company buy another company. You think the price might be too high, but you will be the CEO of the combined, much larger, company. You know that when the company gets bigger, your pay and prestige will increase. What is the nature of the agency conflict here and how is it related to ethical considerations?https://youtu.be/C0UOvhnIqxE which outlines management decisions based on an organization's focus on either profitability or liquidity? Why are these important goals seemingly at odds? Under what circumstances might one be more important than the other?A management science solution can be either a recommended decision or information that helps a manager make a decision. Discuss
- A business intelligence tool that uses abstractions such as color and graphical images like instrument dials, gauges sliders, and traffic lights that allow executives to grasp business situations quickly is known as a(n): options: 1) Neural network 2) Digital dashboard 3) Planning Horizon 4) Expert system 5) Geographic information systemWhen using evidence-based analytics in decision making, measurement is an essential tool in gauging progress. However, the leader needs to assess data based on the following consideration(s). Check All That Apply To what extent is the measurement an accurate representation of the success of the change initiative?To what extent is the measurement an accurate representation of the success of the change initiative? What is the relationship between the time of the measurement being reported and the timeframe over which the benefits of the change is expected to be delivered?What is the relationship between the time of the measurement being reported and the timeframe over which the benefits of the change is expected to be delivered? What are the components of the measurement being monitored e.g. internal and/or external environmental factors and to what extent are they relevant to the organizational change?What are the components of the measurement being monitored e.g. internal…Planning plays a crucial role in both short-term and long-term decision-making, fostering a sense of direction and purpose. It provides the opportunity to allocate resources judiciously, minimizing waste and maximizing productivity. A carefully crafted plan also enhances communication and coordination among team members, ensuring everyone is aligned with common objectives. Moreover, planning encourages a proactive mindset, enabling individuals to anticipate challenges and devise strategies to overcome them. It serves as a proactive tool for risk management, allowing for the identification of potential pitfalls and the development of contingency plans. In essence, planning is not just about achieving goals; it's about fostering a disciplined and strategic approach to problem-solving and decision- making. Question: How do you strike a balance between detailed planning and the need for flexibility in a rapidly changing environment?