Describe the four steps in finding a solution to a business problem


The following steps are used for finding a solution to a problem that is the basis for a report.

1 . Recognize and define the problem.
2 . Select a method of solution.
3 . Collect and organize the data.
4 . Arrive at an answer.

Business

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Identify TWO stakeholders of your organization and explain your organization’s responsibilities to each of these groups.

What will be an ideal response?

Business

Hayley is plotting a graphic of where the employees in her organization fall in the pay structure. She discovers that Vladimir’s pay is much higher than his assigned pay level. What Hayley has discovered is a _______.

A. green-circle rate B. red-circle rate C. skill-based rate D. delayered rate E. overage rate

Business

The term opportunity loss is most closely related to:

A) maximin regret. B) maximax regret. C) minimax regret. D) minimin regret.

Business

There are several sources of information available to help you make intelligent choices about buying and selling stock? If you choose a corporation's annual report to base your decisions on, what should you look for?

What will be an ideal response?

Business