Sue works in the finance department of a large multinational corporation. Her manager has asked her to submit a detailed report on the department's quarterly expenses within the next two days. Being pressed for time, Sue identifies three courses of action that could help her accomplish her task-she can stretch her working hours till she finishes the report, she can ask her colleague to chip in, or she could ask her manager for additional time. Which stage is Sue at in the decision-making process?
A. selecting an alternative
B. identifying decision criteria
C. developing alternatives
D. evaluating decision effectiveness
Answer: C
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The president of the United States is considering two different candidates to chair the Federal Reserve. If he chooses Alan, the probability that inflation will be 2 percent is 0.4 and the probability that inflation will be 4 percent is 0.6. If the president chooses Ben, the probability that inflation will be 2 percent is 0.6 and the probability that inflation will be 3 percent is 0.4. If you are an investor with your funds invested in bonds paying 7 percent, calculate the standard deviation of your real return if Alan is chosen to chair the Fed and if Ben is chosen to chair the Fed. Which candidate would you prefer? Explain why.
What will be an ideal response?
Ron's Furnace Repair advertised it would inspect any homeowner's furnace for free. Janet had Ron's come to inspect her furnace. The servicewoman dismantled the entire furnace then refused to put it back together unless Janet paid her $250. The FTC considers such a practice to be
A. an unfair practice. B. a deceptive practice. C. an act that violates public policy. D. All of these are correct.
Puzzle Company sold merchandise on credit with a list price of $75,000. Terms were 3/10, n/30. Which of the following entries correctly applies the indicated method to record the sale?
A) Gross Price MethodAccounts Receivable 72,750Sales 72,750 B) ?Net Price MethodAccounts Receivable 72,750Sales 72,750 C) ?Net Price MethodAccounts Receivable 75,000Sales 75,000 D) ?Gross Price MethodAccounts Receivable 72,000Sales 72,000
When faced with a business problem, Sally, a young grocery store owner, discusses business problems with Don, the assistant manager and an employee for over 30 years. Sally believes Don "has seen it all" and knows there are few really new ideas; plus the business has done many simple things, such as offering friendly service, to create and maintain a competitive edge. Sally's management style is best described as
A. evidence-based. B. behavioral. C. family style. D. contingency. E. bottom-up