your client is launching a new generation of mobile phones. the client has a separate display ad for each of the three models and wants to show the ad that leads to the most purchases more often than the other two models not performing as well.
Answers
To prioritize the display ad that generates the most purchases, your client should use a performance-based ad rotation strategy by showing it more frequently than the other two models.
To prioritize the display ad that leads to the most purchases, your client can implement a performance-based ad rotation strategy. This approach involves tracking the number of purchases generated by each ad and adjusting the rotation accordingly.
By analyzing the conversion rates of the three models, your client can identify the ad that performs the best in terms of generating purchases. This top-performing ad can then be shown more frequently compared to the other two ads, which are not performing as well.
This strategy allows your client to optimize their advertising campaign by allocating more exposure to the ad that has proven to be the most effective in driving purchases, maximizing their chances of success in promoting the new generation of mobile phones.
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Related Questions
If the marginal cost (mc) curve is rising and is above the average fixed cost (afc) curve, then:_______
Answers
If the marginal cost (mc) curve is rising and is above the average fixed cost (afc) curve, then the average fixed curve will decline, although the marginal cost curve has nothing to do with this.
The average fixed costs or AFC curve is always downward sloping because of the reason that fixed costs are distributed over a greater volume when the quantity which is produced increases.
AFC is always equal to the vertical difference between ATC and AVC. Why the other cost curves are U-shaped is explained by variable cost to returns.
The marginal cost (MC) curve is explained as the change in total cost divided by the change in the output. Under perfectly competitive markets, the MC curve is the same as the supply curve of any firm.
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which situation is an example of skimming?
a) pop-up windows on a computer asking for you pin
b) a retailer scanning your credit card to steal its number
c) bank statements stolen from your garbage
d) a phone call from someone pretending to be a bank employee
Answers
Answer:
B.) a retailer scanning your credit card to steal its number
Explanation:
Bill Hudson was a real craftsman when it came to being a machinist. Bill had learned almost all that he knew from Hugo Huffman, his first and only employer. Bill Hudson was married and had three young children. He was 33 years old and had worked for Hugo ever since he finished his tour in the army. In 12 years Bill had polished his skills under the watchful and critical eye of Hugo Huffman. Hugo was quick to recognize Bill’s talent for the trade. Bill had a positive attitude about learning and displayed a drive for perfection that Hugo admired. Hugo’s Machine Shop was a successful small business. Its success was based mostly on the reputation for quality that had been established over its 42 years in operation. Hugh had come to this country with his new wife, Hilda, when he was in his late twenties. Now the business was a success, but Hugo remembered the early years when he and Hilda had to struggle. Hugo wanted the business to continue to produce the highest quality craftsman products possible. On a Friday evening, he called Bill into his office at closing time, poured him a cup of half-day-old coffee, and began to talk with him about the future. “Bill, Hilda and I are getting old and I want to retire. It’s been 42 years of fun but these old hands need a rest. In short, Hilda and I would like you to buy the business. We both feel that your heart is in this craft and that you would always retain the quality that we have stood for.” Bill was taken back by the offer. He, of course, knew Hugo was getting older, but had no idea Hugo would retire. Bill and his wife, Anna, had only $4,200 in the bank. Most of Bill’s salary went for the normal costs of rearing three children. Hugo knew Bill did not have the money to buy the business in cash, but he was willing to take a portion of the profits for the next 15 years and a modest initial investment from Bill. Bill had, for the past four years, made most of the technical decisions in the shop. Bill knew the customers and was well respected by the employees. He had never been involved in the business side of the operation. He was a high a school graduate but had never taken business courses. Bill was told by Hugo that even after deducting the percentage of the profits he would owe under the sales agreement, he would be able to almost double his annual earnings. Bill would have to take on all the business functions himself because Anna had no business training either. Questions 1. Which entrepreneurial characteristics does Bill have that may be important to his success? Which characteristic could lead to his failure? 2. What steps should Bill take to avoid the pitfalls common to a small business? 3. If you were Hugo, would you sell Bill the business under the terms discussed in the case? Explain.
Answers
1. The entrepreneurial characteristics that Bill possess are passion, motivation, structured experimentation and decisiveness.
Negative characteristics:
Refuse to delegate, blame others and external forces for failures, lack of business education.
What are Entrepreneur Characteristics?An entrepreneur have many characteristics which contributes towards his/her own and its business success. A successful entrepreneur should take the business activities seriously and make big decisions carefully.
2. Spend more time and energy on business and make decisions carefully.
3. If I were Hugo, I would have sold my business and would renegotiate the terms and will accept a higher return which suits my monthly expense needs.
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Which nims management characteristic includes maintaining accurate?.
Answers
Answer:
Comprehensive Resource Management includes maintaining accurate and up-to-date inventories of personnel, equipment, teams, and supplies.
How much of your "gross" income should you spend on your rent and housing
expenses?
OA. One third
OB. One fifth
OC. One half.
OD. Two thirds.
Answers
As a general rule, you want to spend no more than 30 percent of your monthly gross income on housing. If you're a renter, that 30 percent includes utilities, and if you're an owner, it includes other home-ownership costs like mortgage interest, property taxes and maintenance.
According to the acquired needs theory, the desire to influence others is part of the need for:.
Answers
Based on the acquired needs theory, the desire to influence others is part of the need for power self-actualization achievement.
What is acquired need theory?Acquired needs theory is said to be a theory that is also called McClelland's Needs Theory or Three-Needs theory.
Conclusively, this is known to be a theory that is as a result of the view that individual's needs are gotten as they live their lives or via life experiences and that the desire to influence others is part of the need for power self-actualization achievement.
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assuming builtrite had taxable income of $14,000,000. if builtrite had $60,000 in interest expense, how much would this interest expense cost builtrite after taxes?O $0 O $39,000 O $21,000 O $30,000 O $60,000
Answers
The cost of the interest expense after taxes for Builtrite would be $47,400. The correct answer is option B.
To calculate the cost of the interest expense after taxes, we first need to calculate Builtrite's taxable income after deducting the interest expense.
Taxable income = Gross income - Deductions
Here, Builtrite's taxable income can be calculated as follows:
Taxable income = $14,000,000 - $60,000 = $13,940,000
To calculate the cost of the interest expense after taxes, we need to multiply the interest expense by the company's tax rate. Assuming Builtrite's tax rate is 21%, the cost of the interest expense after taxes would be:
Cost of interest expense after taxes = Interest expense x (1 - Tax rate)
Cost of interest expense after taxes = $60,000 x (1 - 0.21)
Cost of interest expense after taxes = $60,000 x 0.79
Cost of interest expense after taxes = $47,400
Therefore, the cost of the interest expense after taxes for Builtrite would be $47,400. The correct answer is option B.
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Complete question
assuming builtrite had taxable income of $14,000,000. if builtrite had $60,000 in interest expense, how much would this interest expense cost builtrite after taxes?
a. $39,000
b. $47,400
c. $30,000
d. $60,000
the laissez faire model is inspired by the work of which economic philosopher?
Answers
Laissez faire model was inspired by John Stuart Mill's book "Principles of Political Economy" (1848). This model states that the government should not be heavily involved in the market, and should have a hands off approach.
I hope this helped! :)
The model of laissez-faire was inspired by the work of John Stuart Mill, who was an economic philosopher.
What is a laissez-faire model?Laissez-faire is a free-market economic ideology that opposes government interference. During the 18th century, the French Physiocrats created the laissez-faire philosophy. Laissez-faire proponents believe that when governments intervene in industry and markets, economic prosperity suffers.
John Stuart Mill's work "Principles of Political Economy" influenced the laissez-faire paradigm (1848). According to this concept, the government should not be overly involved in the market and should take a hands-off attitude.
Therefore, it can be concluded that John Stuart Mill work was inspired by the laissez-faire model.
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An entrepreneur is a person who does not undertake a business venture.
True
False
Answers
Answer:
false
Explanation:
.........
..
....
............
The common stock of Xiang Estates has an expected return of 13.3 percent. The expected return on the market is 10 percent, the inflation rate is 1.4 percent, and the risk-free rate of return is 1.3 percent. What is the beta of this stock?
Answers
The beta of the common stock of Xiang Estates given the expected return, expected market rate of teturn and risk free rate is 1.24.
What is the beta?Beta is used to measure systemic risk. Systemic risk is the risk that cannot be diversified away. The higher beta is, the higher systemic risk is and the lower beta is, the lower systemic risk is.
Beta = (expected return - risk free rate) / market premium
(13.3 - 1.3) / ( 10 - 1.3) = 1.24
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What are the 7 wavelengths in order?
Answers
There are several types of wavelengths in different fields, so the answer to this question depends on the context. Here are a few examples of different types of wavelengths and their order:
Electromagnetic Spectrum Wavelengths (from highest energy to lowest energy):
Gamma rays
X-rays
Ultraviolet
Visible light (violet, blue, green, yellow, orange, red)
Infrared
Microwaves
Radio waves
Visible Light Wavelengths (from highest frequency to lowest frequency):
Violet
Blue
Green
Yellow
Orange
Red
Sound Waves in Air (from highest frequency to lowest frequency):
Dog whistle
Piccolo
Flute
Violin
Human voice
Bass guitar
Bass drum
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please help due in an hour
Answers
The very first reason I would say is because it doesn’t specify how big of a diamond meaning the value could range from $100 to $100,000,000
The second reason is water is free in a sense you could get five empty bottles you find laying around and then go to a creek and fill them up with water. (You could get so much more for a diamond than a few bottles of water)
The last reason ( that goes along with the first two) is because it’s unique diamonds are hard to come across but water in the other hand is found almost every wear in fact it covers about 71% of earth.
which intuit payroll offering requires that you actively process the payment of the payroll liabilities inside of quickbooks desktop
Answers
The full service intuit payroll offering requires a person to actively process the payment of the payroll liabilities inside of the QuickBooks desktop. Therefore, the option A holds true.
The payroll system is a feature offered under the QuickBooks software. This feature has been widely used by people to process the different payments that they need to make as a part of their regular monetary operations. The full-service payroll under this software allows paying the liabilities only when the payments are processed actively.
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Complete question
which intuit payroll offering requires that you actively process the payment of the payroll liabilities inside of quickbooks desktop
A. Full service
B. Partial service
C. Zero Service
D. None of the above
If a company receives cash from a customer before performing services for the customer, then:.
Answers
Answer:
assets increase and liabilities increase. ... individual accounting record of increases and decreases in specific asset, liability, and stockholders' equity items.
Colin listed his assets and liabilities on a personal balance sheet.
Colin’s Balance Sheet (August 2013)
Assets
Liabilities
cash
$1,500
credit card
$500
stocks
$800
rent
$800
car
$5,000
car loan
$1,200
coin collection
$1,200
student loan
$5,000
Total
Total
Which statement is true about the total assets and the total liabilities?
The total of the assets and the liabilities are the same.
The total of the assets is greater than the total of the liabilities.
The total of the assets is less than the total of the liabilities.
The total of the assets cannot be compared to the total of the liabilities.
Answers
Answer:
B
Explanation:
Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest
rate is 5.25% for 30 years. Use the loan payment calculator to answer the following
questions. (do not use commas or dollar signs in your answer)
What is his monthly payment?
Answers
Answer: $861.44
Explanation:
Given the following :
Purchase price = $195,000
down payment = 20%
Interest rate = 5.25%
Period = 30 years
Down payment = 0.2 × $195,000 = $39,000
Therefore, loan amount will be :
$(195,000 - 39,000) = $156,000
The payment per period (monthly payment) can be calculated using the annuity calculator.
Present value = $156,000
Number of periods = 30yrs = 30× 12 = 360 months
Interest = 5.25% / 12= 0.4375% = 0.004375
Future value = 0 (Amount when entire loan has been paid)
Therefore, the payment per period is $861.44 using the financial calculator.
Describe what problem solar panel/systems intend to
address at industrial facilities
Answers
Solar panels/systems address the problem of reliance on non-renewable energy sources and reduce the carbon footprint of industrial facilities.
Industrial facilities consume a significant amount of energy, which is often produced by burning fossil fuels such as coal, oil, and gas. The combustion of these fuels leads to the emission of greenhouse gases, which are a major contributor to climate change. Additionally, these fuels are finite resources, and their depletion will eventually lead to an energy crisis.
Therefore, solar panels/systems are intended to address the problem of dependence on non-renewable energy sources and reduce the carbon footprint of industrial facilities. The installation of solar panels at these facilities reduces the need for electricity generated from fossil fuels. The technology can be used to meet the demand for electricity and heat used in industrial processes, reducing the facilities' dependence on traditional energy sources.
The use of solar energy as an alternative to non-renewable energy sources can help reduce greenhouse gas emissions and help mitigate the impacts of climate change.Furthermore, by using solar energy, companies can reduce their energy costs and save money on electricity bills, making them more cost-effective.
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The Nelson Company has $1,200,000 in current assets and $480,000 in current liabilities. Its initial inventory level is $305,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.0? Do not round intermediate calculations. Round your answer to the nearest dollar. $ What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Do not round intermediate calculations. Round your answer to two decimal places.
Answers
The Nelson Company has $1,200,000 in current assets and $480,000 in current liabilities. Its initial inventory level is $305,000, and it will raise funds as additional notes payable and use them to increase inventory.
To avoid a decline in the current ratio below 2.0, how much can Nelson's short-term debt (notes payable) increase?The formula for calculating the current ratio is:
Current ratio = Current assets / Current liabilities. A current ratio of 2:1 or greater is generally considered acceptable for most enterprises. So, the current ratio is as follows:
Current ratio = $1,200,000 / $480,000 = 2.5 times
Let us now determine the maximum amount of short-term funds the company may obtain without pushing its current ratio below 2.0. Assume that the company raises the amount of additional notes payable, X dollars, and uses it to buy inventory. The maximum quantity of notes payable that can be added to inventory without causing the current ratio to fall below 2.0 is then determined as follows:
$1,200,000 / ($480,000 + X) ≥ 2.0$480,000 + X ≤ $600,000X ≤ $120,000
Thus, the maximum amount of additional notes payable is $120,000. If Nelson were to increase its notes payable by the maximum amount, its current liabilities would increase by $120,000, from $480,000 to $600,000. As a result, Nelson's current ratio would decline as follows:
Current ratio = $1,200,000 / $600,000 = 2.0 times
Let us now calculate the company's quick ratio after it has raised the maximum amount of short-term funds. The Quick ratio is determined by dividing the current assets by the difference between the current assets and the inventory. QR = (Current assets – inventory) / Current liabilities The calculation of quick ratio is as follows:
Quick ratio = ($1,200,000 − $305,000) / $480,000 = 1.99 times
The quick ratio after Nelson has raised the maximum amount of short-term funds will be 1.99 times.
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You have been asked to calculate the internal rate of return for an investment with the following cash flows, using the Excel IRR function: The cost of the investment is $500,000. Cash flows in years 1 through 5 are $200,000; $160,000; $120,000; $80,000; and $40,000, respectively. There is no residual value to the investment. Using Excel's IRR function, what is the internal rate of return on the investment after 3 years
Answers
Answer:
9.92 %
Explanation:
Year 0 = ($500,000)
Year 1 = $200,000
Year 2 = $160,000
Year 3 = $120,000
Year 4 = $80,000
Year 5 = ($40,000 + $25,000) = $65,000
therefore,
the internal rate of return on the investment after 5 years is 9.92 %
You have been asked to calculate the internal rate of return for an investment with the following cash flows, using the Excel IRR function.
T internal rate of return for the investment after 3 years, we need to use the Excel IRR function. Here are the steps:
Step 1: Create a list of cash flows. In this case, the cash flows are as follows:
Year 0 (Initial Investment): -$500,000
Year 1: $200,000
Year 2: $160,000
Year 3: $120,000
Year 4: $80,000
Year 5: $40,000
Step 2: In Excel, use the IRR function to calculate the internal rate of return. In this example, the cash flows are in cells A1 to A6.
In cell A7, input the formula:
=IRR(A1:A6)
The internal rate of return on the investment after 5 years is 9.92 %
This means the internal rate of return on the investment after 3 years is 9.92%. It indicates the annualized rate of return the investment is expected to generate over the first three years.
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A restaurant has been operating in the same location for decades. However, a
new restaurant opens across the street and sells very similar food. Both
restaurants try to win over customers by lowering prices and creating new,
innovative dishes. Which element of the free enterprise system does this
situation best reflect?
A. Competition
B. Limited role of the government
C. Individual freedom for producers
D. Profit motive
Answers
Competition
Is the correct answer as shown in the image below.
The element of the free enterprise system reflected here is competition. Therefore, the correct answer is option is A.
What is competition?Competition refers to a situation in which individuals or organizations strive to gain an advantage over others. In a market economy, competition is the driving force behind innovation and economic growth. It is an essential element of the free enterprise system as it allows producers to improve their products and services while keeping prices reasonable.
The two restaurant lowered prices and created new and innovative dishes. They did so to get ahead of their competition.
Thus, the element of the free enterprise system reflected here is competition. Therefore, the correct answer is option is A.
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Which type of bankruptcy leaves your credit report sooner?
Answers
have a great day!
2. What are the problems can someone have without personal finance knowledge?
Answers
What are the 3 things a business plan should do?.
Answers
Three things a business plan should do are to outline the products that the firm will sell, market analysis, and financial planning.
A business plan outlines the goals and strategies of a company. It is a road map that contains the marketing, financial strategies, and other operational details of established companies or start-ups. A well-written business plan must include what products and services the company will produce and sell. It will decide the cost of production, pricing, lifespan, and benefits of the products or services.
A business plan will also have a market analysis to assess the competition in the market and assess its advantages and disadvantages in the market. It will help in building the strengths of the company and improve the weakness too. Financial planning is another important criterion mentioned in a business plan where the budget decisions and monetary policies are decided to maintain cash flow in the company.
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A three-year bond is issued with a face value of $1000 and a
semi-annual coupon of $60. If the required annual yield on the bond
is 10%, what is the value of the bond at the time it is issued?
Answers
The bond has a face value of $1000 and a semi-annual coupon of $60, which means it pays $120 per year.
The required annual yield on the bond is 10%, which means the semi-annual yield is 5%.
Using the formula for the present value of an annuity, we can calculate the value of the bond:
PV = (C / r) x (1 - 1 / (1 + r)^n) + FV / (1 + r)^n
Where:
C = semi-annual coupon payment = $60
r = semi-annual yield = 5%
n = number of semi-annual periods = 6
FV = face value = $1000
Plugging in the values:
PV = (60 / 0.05) x (1 - 1 / (1 + 0.05)^6) + 1000 / (1 + 0.05)^6
PV = $1000
Therefore, the value of the bond at the time it is issued is $1000.
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for truly sustainable marketing to occur, what is required of the marketing system?
Answers
For truly sustainable marketing to occur, the following requirements must be met by the marketing system: Environmental responsibility and etc.
Environmental responsibility: The marketing system must be environmentally responsible by reducing waste, conserving resources, and minimizing its impact on the environment.
Social responsibility: The marketing system must be socially responsible by promoting fair trade, supporting diversity, and addressing social issues such as poverty, inequality, and health.
Economic sustainability: The marketing system must be economically sustainable by promoting long-term economic growth and stability, supporting local communities, and creating jobs.
Ethical behavior: The marketing system must be ethical by promoting honesty, integrity, and fairness in all business practices.
Innovation: The marketing system must be innovative by continuously improving products, services, and marketing techniques to meet the changing needs and preferences of consumers.
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The period before a trial takes place is called the
a
O A. pre-trial phase
O B. complaint stage
O C. negotiation phase
D. post-trial period
Answers
Answer:
The answer would be A.
Explanation:
Discovery process, finding the facts.
You receive a check for $50 from your Aunt Louise for your birthday. You go to an ATM to deposit the check into your checking account. How should you endorse the check?
1. Just sign your name on the front of the check
2. Sign your Aunt Louise's name on the back of the check
3. Sign your name and write "For Deposit Only" and your checking account number on the back of the check
4. Since the check is made out to you, you don't need to worry about signing the check
Answers
Answer:
I think it's 3 but i don't know for sure also can you give me brainlist if I'm right please I really need it
To properly endorse the check received from your Aunt Louise for your birthday, you should sign your name on the back of the check and include "For Deposit Only" along with your checking account number.
When you receive a check, it's important to endorse it properly before depositing it into your account. By signing your name on the back of the check and adding "For Deposit Only" along with your checking account number, you're indicating that the check is meant for deposit into your account only.
This helps ensure that the funds are credited to your account securely and prevents unauthorized individuals from cashing the check.This helps ensure the secure and accurate deposit of the funds into your account.
Hence, The correct option is 3. Sign your name and write "For Deposit Only" and your checking account number on the back of the check.
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Chenglei, an IT manager, has been studying the actions that his workers perform in an attempt to improve their productivity. Chenglei is utilizingA) job evaluationB) management science.C) behaviorism.D) the Hawthorne effect.E) scientific management
Answers
Answer: scientific management
Explanation:
Select the correct answer from each drop-down menu. Kevin is a store manager and has employees from diverse cultures reporting to him. He has often seen Marcos having arguments with his colleagues, Kwa Lee and Gaurav. What can Kevin do to ensure that there is team spirit and effective communication amongst all? Kevin can first be aware of his own attitude to diversity . He can also assess Marcos and him to change his behavior toward his other colleagues. He can also think of putting them together into similar departments to encourage .
Answers
Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts.
Autocratic or authoritarian behavior as a leadership style.
An authoritarian leader consolidates his own personal control over both decision-making and authority. Without speaking to the workforce, he gives directions and assigns endeavors and liabilities. The pioneer assumes all authority and responsibility.
Negative leadership that relies on threats and punishment is autocratic.
Subordinates go about as he coordinates. He neither really focuses on their perspectives nor licenses them to impact the choice. He accepts that due to his position he alone can conclude what is best in a given circumstance.
Close oversight, unambiguous guidance, and directing requests from the majority are the foundations of autocratic leadership. It functions with quick decisions, brief activity, and heading unity. A lower level of appointment is required. Nevertheless, an excess of purpose of power could result in strikes and current debates. It makes sense to instill dissatisfaction and impede the growth of the employee limit.
Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts. Individual control over all choices and little participation from the group are traits of his behavior. He frequently disregards advice and makes decisions based solely on his opinions and judgments.
These sorts of choice include the utilization of power gave on the singular taking the choice by the association's design. Hierarchical decisions are those decisions taken simply in light of a legitimate concern for the association. Directors are given the authority by the firm to settle on decisions in light of a legitimate concern for the association. Notwithstanding, this authority doesn't concede them the ability to pursue individual decisions. It should likewise be perceived that while hierarchical decisions can be assigned, individual decisions can't be appointed.
To explain further the concession among individual and hierarchical choice, let us think about the accompanying model. James Harrison was terminated by the supervisor since he didn't submit to the principles of the organization. This would be an authoritative choice. In any case, assuming James Harrison was terminated essentially on the grounds that the director loathed him for not a great explanation connected with the organization then that would be an individual choice. An authoritative choice is customized yet an individual choice is non-modified.
Functional:
Typically, judgments related to everyday activities are made functionally. These kinds of tailored choices are, by definition, meant to help the organization achieve short-term objectives. Chiefs at lower and middle levels typically make these decisions. Functional decisions must be made within the framework of the organization's established practices. As a result, those that must accept functional option are allowed to exercise their very own constrained utilization caution and drive.
Simple functional decisions, such regularly procuring writing materials and other natural resources, are designed to have an impact on a certain area or division of the company. As we can see, making such a decision will only affect the buying department.
Strategic Decisions:
It is implied that decisions involving important but one-time issues qualify as critical decisions. These decisions are made using a variety of administrative skills, wisdom, and experience. Not at all like functional choices, important decisions worry the firm's drawn-out points. When making a crucial decision, the person or group making it must carefully consider how the company association and its current situation are related. Important judgments are less secure in nature since the climate is constantly changing. Another reverence among important and practical choices is that crucial judgments are made by senior management.
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Answer: The Answer is diversity, Counsel, and Interactions.
Explanation:
This is correct, I just took the test. :)
in the policy-making process, members of congress, the executive departments and agencies, and organized interest groups are said to make up the iron_____.
Answers
In the policymaking process, members of congress, the executive departments and agencies, and organized interest groups are said to make up the iron triangle. The iron triangle refers to the close relationship and cooperation between members of Congress, executive departments and agencies, and organized interest groups in the policymaking process.
This relationship is often characterized by a shared interest in advancing particular policy goals, as well as a tendency to prioritize their own interests over those of the broader public. A detailed explanation of the iron triangle and its role in shaping public policy can help shed light on the complex and sometimes opaque process of governance in the United States.
In the policymaking process, members of Congress, the executive departments and agencies, and organized interest groups are said to make up the Iron Triangle. The Iron Triangle is a term used to describe the close relationship and interdependence among these groups, which often collaborate to create and implement public policy.
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