1 Astrategy is based on the outcome of a stream of smaller decisions from the "bottom up."%3DO intendedO emergentdynamicO planned

Strategy is an effort that leaders take to achieve one or more of the association’s goals. Strategy…

Answered: strategy is based on the outcome of a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Q.3c The Six (6) Rights of Logistics Management Information System (LMIS) Instruction Fix the right answer in the Answer Box provided using letters provided on the right side. The Six (6) Rights How The Rights Apply To Logistics Management Information System (a) The right information on the LMIS forms (b) Enough information on the forms (c) Accurate data Answer Box (a, b, c, d, e, f.) The Right Goods In the Right Quantity In the Right Condition Delivered to the (d) Sent to the next level Right Place At the Right Time For the Right Cost (e) Reported at the right time (monthly, etc.) (6) Applies to commodities when they are donated transport and storage) or purchased (personnel time, 3 marks
Question 1 Given the following payoff table with the profits ($m), a firm might expect alternative investments (A, B, C) under different levels of interest rate. payoffs as profits states of nature decision alternatives 1(5%) 2(7%) 3(9%) A 14 22 6 B 19 18 11 C 12 17 15 a. Use the alternative method to verify EVPI NOW ASSUME THAT THE PAYOFFS ARE COSTS ANSWER THE FOLLOWING: b. What is the most the firm should be willing to pay to obtain further (perfect) information (EVPI)? c. Use the alternative method to verify EVPI. Please answer all three parts of Question 1.
Q.5.2 Explain the concept of misinformation and discuss how fake news and deep fakesare different
Q1. As a result of Covid 19, your management has decided that some key yield management analytics be manipulated in order to ensure cashflow for the hotel to survival the turbulence. As a result, you have been asked by management to look into how you can manage at least 50% occupancy for the first quarter, then an increment of 20% on the second quarter, 30% and 40% on the third and fourth quarters respectively. The total rooms available in your hotel is 920, and management expect a base revenue of GHS85,000.00. The base revenue of GHS85,000.00 is expected to increase by 20% on the second quarter, 30% and 40% on the third and fourth quarters respectively. 1. Identify the two most important yield management analytics (measures) that must be considered, offering explanations to what they are in hotel management. 2. Apply the formulas of these two measures to provide the actual figures that you expect to operate with, indicating the step-by-step stages of your calculations for clarity to…
A.3 Yellowburn University, a not-for-profit higher education organization, has the following mission statement: ‘We aim to deliver excellent tuition in state-of-the-art facilities to help develop socially responsible students and to contribute to global academic research.’ Which TWO of the following would be appropriate objectives to fit in with this mission? To deliver the best possible lessons. Each member of staff is to write two research papers for publication over the next two years. To increase car parking space at the university by 10% in the next 12 months to improve access. To get 15% of all students to receive first class honors degrees each year. To ensure 100% attendance from all students for every lecture.
Q.10. The following are all advantages of business partnerships EXCEPT: Partnerships shield the individual partners from debt and liability Partnerships are relatively easy and inexpensive to set up Partnerships pool the resources of the partners to obtain capital 4. Partnerships can take advantage of the various skills, strengths, and experiences of each of the partners. Select one and explain?
Q1
Q.No.4. Find the ranges of values of p and q, which will render the saddle, point for the game.
Q.1.1 Describe how the concept of risk is important during the business management planning process. (3) Q.1.2 Distinguish between a peril and a hazard. (Hint: Use examples where applicable) (3) Q.1.3 Differentiate between priori probabilities and subjective probabilities in risk management. (3) Q.1.4 Principle two of King I report states that the board of directors and managersshould ensure that through a managed and effective process, board appointmentsare made that provide a mix of proficient directors, each of whom is able to addvalue and to bring independent judgement to bear on the decision-makingprocess. Describe how this principle is important in risk management. (3) Q.1.5 Differentiate between micro and macro risk. (3)Question 2 (Marks: 25) Q.2.1 Outline the measures used to describe possible loss accurately? (5) Q.2.2 Effective risk management does not function in a vacuum and rarely survives aleadership failure. The risk management function can review, inform,…
q. 15 Calculate the accuracy of your MA forecasts using MAD. What does the result tell you? Group of answer choices a. There is a bias towards over forecasting b. There is a bias towards under forecasting c. On average forecasts miss by 15% d. On average forecasts miss by 2 e. MAD does not provide any useful information without a CFE calculation to compare with
Q4. Under what circumstances are pay differentials justified?
Q.9.. Compute the missing term. Dollar Markup Cost $427.38 Selling Price $688.79

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strategy is based on the outcome of a stream of smaller decisions from the "bottom up." intended emergent dynamic planned