List and describe the six steps of a formal decision-making process.
What will be an ideal response?
The ideal decision-making process moves through six stages:
1. Identify and diagnose the problem.
2. Generate alternative solutions.
3. Evaluate alternatives.
4. Make the choice.
5. Implement the decision.
6. Evaluate the decision.These stages are general and applicable to any decision.
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Prevailing trends in production systems reflect all of the following except:
a. emphasis on customer satisfaction b. shortened product lifecycles c. increased factory automation d. the change from "pull" to "push" production scheduling
If the firm expects to collect or pay more than one year after the balance sheet date, the balance sheet classifies these as noncurrent assets and noncurrent liabilities, respectively
Indicate whether the statement is true or false
Given the data below for the Zoom Corporation, its expected total return is
1. Beta = 0.8 2. Expected price appreciation = 7% 3. Market risk premium = 8% 4. Risk free rate = 4% 5. Next year's dividend = $1.00 6. Current market price = $50 A) 7.0%. B) 9.0%. C) 12.0%. D) 15.0%.
Gonzalez Manufacturing negotiated by telephone to purchase approximately $7,000 worth of digital video recorders from Video Imports. The final details were worked out by telephone calls on April 2nd. On April 4th, Video sent Gonzalez a confirmation of
their telephone agreement, which included pertinent details. Meanwhile, on April 3rd, Gonzalez was offered a better deal than Video's and accepted it. Upon arrival of the confirmation on April 6th, Gonzalez ignored it and did nothing further until May 1st, the date before Video was to deliver. On May 1st, Gonzalez informed Video that their contract was an unenforceable oral contract and that delivery would not be accepted. When attempts to amicably settle the matter failed, Video sued Gonzalez for breach of contract. Decide.