Some people believe that when making decisions, the more information one has, the better. Do you agree? Provide an example. Discuss how you determine the value of information sources and content. Identify an information source that you trust and explain why it is trustworthy.
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- Some people believe that when making decisions, the more information one has, the better. Do you agree? Provide an example. Discuss how you determine the value of information sources and content. Identify an information source that you trust and explain why it is trustworthy.
The decision-making process can be denoted as the business activity in which the managers and employees try to find out a solution to a particular problem. This is done by critically examining the problem, finding out alternatives in which the problem can be solved, selecting one alternative to resolve the problem, and implementing it to attain objectives.
The decision-making process helps managers to ensure that the decisions they have taken are justified and correct by reviewing the entire process at the end.
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- According to COSO, which of the following differences relevant to the risk-assessment process is most likely to exist bel large entity and a small entity? O A. O B. O C. O D. The CEO of a small entity is more likely than the CEO of a large entity to be attuned to risks arising from internal factors through hands-on involvement with all levels of personnel. The risk-assessment process in a small entity is more structured than in a large one because of the nature of some of the internal control components in a small entity. An owner-manager of a small entity will not normally learn about risks arising from external factors through direct contact with customers, suppliers, and other outsiders, whereas in large entities this process is part of the entity's primary way of identifying new risk. Risk assessment in a small entity, as opposed to that in a large entity, can be problematic to implement because the in- depth involvement of the CEO and other key managers is a conflict of interest…Your old roommate from college was recently let go from his firm during a wave of employee terminations to reduce costs. You two have kept in touch over the six years since school, and he has asked you to help him get a position in the IT organization where you work. You offered to review his résumé, make sure that it gets to the "right person," and even put in a good word for him. However, as you read the résumé, it is obvious that your friend has greatly exaggerated his accomplishments at his former place of work and even added some IT-related certifications you are sure he never earned. What would you do?You are the IT director at Attaway Airlines, a small regional air carrier. You chair the company’s systems review committee, and you currently are dealing with strong disagreements about two key projects. The marketing manager says it is vital to have a new computerized reservation system that can provide better customer service and reduce operational costs. The vice president of finance is equally adamant that a new accounting system is needed immediately because it will be very expensive to adjust the current system to new federal reporting requirements. The VP outranks the marketing manager, and the VP is your boss. The next meeting, which promises to be a real showdown, is set for 9:00 a.m. tomorrow. How will you prepare for the meeting? What questions and issues should be discussed?
- ScenarioYou are member of a team of consultants who address company policies and how those policies are successfully communicated and implemented. You have been hired by SolarWinds after the CEO publicly stated that a massive security breach was tied to an intern’s password choices. The company would like you to create a policy to ensure the situation does not happen again – but also suggest ways to improvethe company culture so that better security is positively and consistently valued.TimelineAfter each team member individually assesses the SolarWinds situation, your team will come together and write a concise policy to address the situation to help change and improve the company culture. Remember to address different areas of leadership and their responsibilities includes the new policy, and example of how that policy applies, and a list of recommendations to improve company culture around security. Background:…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?Strategic decisions are usually made quickly to not lose out on fleeting opportunities in theturbulent business environment. Your report to Naked had to be written under immense timepressure and as a consultant, you are exposed to several risks. You are required to include in yourreport a “disclaimer” of sorts, informing Naked of all the constraints and limitation you facedduring the writing of your report. You are required to conduct research beyond the scope of theprescribed material to answer this question.Your answer should contain the following points:• Declare any/all limitations and disadvantages of the analysis tools used in Question 1 ofyour report.• Outline any challenges faced during the writing of the report that may influence theobjectivity and validity of the report
- Compensation and Benefits Administration You just finished analyzing information for the current compensation and benefits program information. You find that some changes should be made, as the majority of employees (you have 120 employees) are unhappy with what is being offered. In fact, the plan had not been revised in over fifteen years, making it dated and definitely ready for some changes. Here is the current PTO offering 1+ year 7 days 5+years 10 days 10+ years 14 days. Please assist with the following questions. Propose a new plan for the board of directors. The plan should be in the form of a table (spreadsheet), including PTO and other employees.As a new systems analyst at Premier Financial Services, you are getting quite an education. You report to Mary, the IT manager, who also chairs the systems review committee. Several months ago, the committee rejected a request from Jack, the finance director, for an expensive new accounts payable system, because the benefits did not appear to outweigh the costs. Yesterday, Mary’s boss called her in and asked her to reconsider Jack’s request, and to persuade the other members to approve it. Mary wanted to discuss the merits of the request, but he cut her off rather abruptly. Mary happens to know that Jack and her boss are longtime friends. Mary has confided in you. She is very uncomfortable about the meeting with her boss, and she believes that his request would undermine the integrity of the systems review process. Mary feels it would be unethical to grant preferred treatment just because a friendship is involved. She is thinking of submitting a request to step down as review committee…As a new systems analyst at Premier Financial Services, you are getting quite an education. You report to Mary, the IT manager, who also chairs the systems review committee. Several months ago, the committee rejected a request from Jack, the finance director, for an expensive new accounts payable system, because the benefits did not appear to outweigh the costs. Yesterday, Mary’s boss called her in and asked her to reconsider Jack’s request, and to persuade the other members to approve it. Mary wanted to discuss the merits of the request, but he cut her off rather abruptly. Mary happens to know that Jack and her boss are longtime friends. Mary has confided in you. She is very uncomfortable about the meeting with her boss, and she believes that his request would undermine the integrity of the systems review process. Mary feels it would be unethical to grant preferred treatment just because a friendship is involved. She is thinking of submitting a request to step down as review committee…
- Developing good organizational and time management skills can help you succeed in both school and your career. Personal information management (PIM) software, such as outlook, can simplify the organization of personal and business activities and help you stay on top of things. Outlook contains tools for organizing appointments, managing email, and keeping track of people. 1. If you currently regularly use oulook? What features do you find most useful for organization and time management? What features do you prefer in an application other than Outlook? And why? 2. If you do not currently use Outlook, share personal information management software you use. What features of that software best suit your needs for organization and time management? What features in Outlook (if any) do you prefer over your PIM software? And why?Discuss how a combination of the database system environment and the business intelligence frameworks could be used to support to support evidence based decision making in one of the Malcolm Baldrige Award Winning applications you read. [Hint: Draw a diagram that integrates both frameworks to guide your discussion.]Strategic decisions are usually made quickly to not lose out on fleeting opportunities in the turbulent business environment. Your report to Naked had to be written under immense time-pressure and as a consultant, you are exposed to several risks. You are required to include in your report a “disclaimer” of sorts, informing Naked of all the constraints and limitation you faced during the writing of your report. You are required to conduct research beyond the scope of the prescribed material to answer this question. Your answer should contain the following points: •Declare any/all limitations and disadvantages of the analysis tools used in Question 1 ofyour report. •Outline any challenges faced during the writing of the report that may influence theobjectivity and validity of the report..
