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1 month ago

Which of the following is not an assumption of the classical model of decision making?

Business

2 answers:

Mariulka [3.6K]1 month ago

6 0

Response:

Explanation:

The classical decision-making model requires the decision maker to take a logical and rational approach to manage uncertainty to ensure decisions benefit all parties involved.

Katen [3.3K]1 month ago

5 0

Response:

The correct option is: "D- Managers will rely on intuition instead of rational analysis to arrive at sound decisions when information is lacking."

Explanation:

The classical model emphasizes optimal decision-making where it is presumed that the information environment is completely accessible.

Within this model, four primary assumptions are listed below:

+ All problems and expectations are distinctly identified and aligned among stakeholders;

+ The environment is well-defined, and uncertainty is absent;

+ Sufficient information is available to support decision-making;

+ Decision-makers behave rationally and consistently act in favor of the organization's interests.

Thus, upon revisiting the concept, it is evident that option "D" is the right answer.

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A proposed project has fixed costs of $39,480, depreciation expense of $8,724, and a sales quantity of 1,330 units. The total va

harina [3681]

Answer:

el margen de contribución por unidad del producto es $29.7

Explanation:

para calcular el costo fijo por unidad, debes dividir el costo fijo total por el número de unidades del producto. es decir, $39,480/1330 unidades = $29.7 por unidad

el costo variable por producto es $5,607/1330 unidades = $4.2 por unidad

el precio de venta = 33.9 es decir, costo fijo + costo variable

solución

precio de venta por unidad= 33.9

menos C.V. 4.2

margen de contribución 29.7

costo fijo por unidad 29.7

la cuenta está en el punto de equilibrio

6 0

1 month ago

Read 2 more answers

Dominik Corporation purchased a machine 5 years ago for $527,000 when it launched product M08Y. Unfortunately, this machine has

Scilla [3688]

The opportunity cost amounts to $532,000. This represents the cost of the most preferable alternative that was not selected. In this case, rejecting the investment project meant foregoing the potential return of $532,000.

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19 days ago

A movie studio has some costs it incurs even if it produces no movies at all in a given year. Think of these as the costs of hav

Katen [3378]

Explanation:

Part 1: True, the information given about the total costs incurred by the movie studio from last year shows that after the adjustments for the differences in totals

3rd movie cost - 2nd = 132-84 = 48 million

Thus, the variable costs must be at least $47 million but less than $255 million as well.

Part 2: False, the marginal cost for producing the first movie was $45 million, while the studio produced three films during that period.

In conclusion, the variable costs for all three films last year were

45 x 3 = 135 million

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16 days ago

Suggest some metrics that a manager of a fast-food restaurant, such as McDonald's or Chipotle, might want to collect. Describe h

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Analyzing customer wait times: A manager can leverage this data to identify operational pain points, implement strategies to minimize wait times, set employee expectations, and ultimately improve prompt service for customers.

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22 days ago

Harry is looking at buying a building that has a monthly income of $3,600, a 5% vacancy rate, and annual expenses of $8,640. he

harina [3681]

Result:

The amount he should pay equals = $270,000

Explanation:

The sum due for the investment represents the present value of net income, discounted at a 12% return rate.

The occupancy percentage = 100 - 5= 95%

The net income equals occupancy rate × total income - expenses

= 95%× 3,600× 12 - 8,640= 32400

PV of net income = A/r

A = 32400, r = 12%

= 32400/0.12

=$270000

The amount he should pay equals = $270,000

</passuming>

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1 month ago