Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 6.2, Problem 2CC
What is emotional intelligence, and why is it important for decision-making?
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Suppose you take out a five-year car loan for $14000, paying an annual interest rate of 4%. You make
monthly payments of $258 for this loan.
Complete the table below as you pay off the loan.
Months
Amount still owed
4% Interest on
amount still owed
(Remember to divide
by 12 for monthly
interest)
Amount of monthly
payment that goes
toward paying off the
loan (after paying
interest)
0
14000
1
2
3
+
LO
5
6
7
8
9
10
10
11
12
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Chapter 6 Solutions
Organizational Behavior
Ch. 6.1 - What are some positive outcomes of decision-making...Ch. 6.1 - How is managerial decision-making different from a...Ch. 6.1 - In addition to the owners of a business, who are...Ch. 6.2 - Explain the two-systems used by the brain in...Ch. 6.2 - What is emotional intelligence, and why is it...Ch. 6.3 - Given an example of a programmed decision that a...Ch. 6.3 - Given an example of a non-programmed decision.Ch. 6.3 - What are heuristics, and when are they helpful?Ch. 6.3 - How are programmed and non-programmed decisions...Ch. 6.4 - Explain the concept of confirmation bias.
Ch. 6.4 - List and describe at least three barriers to...Ch. 6.4 - When is conflict beneficial, and when is it...Ch. 6.5 - Explain what satisficing is and when it may be a...Ch. 6.5 - What are the six steps in the decision-making...Ch. 6.5 - What are the four steps involved in ethical...Ch. 6.6 - Explain why group decision-making can be more...Ch. 6.6 - What are some things that can prevent groups from...Ch. 6.6 - As a manager, what can you do to enhance the...Ch. 6 - What are some of the factors that enabled to Jen...Ch. 6 - What are the two systems that the brain uses in...Ch. 6 - What is a heuristic, and when would it be...Ch. 6 - What is confirmation bias? Explain how it can be a...Ch. 6 - What is a logical fallacy?Ch. 6 - What are the two types of conflict? Which one is...Ch. 6 - What are the steps in the decision-making process?...Ch. 6 - What can individuals do to improve the quality of...Ch. 6 - What can groups or group leaders do to improve the...Ch. 6 - What are the benefits of decision-making in a...Ch. 6 - Why do you think vinyl records are appealing to...Ch. 6 - Do you think the sales growth will continue to be...Ch. 6 - What research would you want to conduct prior to...
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Similar questions
- Suppose you take out a five-year car loan for $12000, paying an annual interest rate of 3%. You make monthly payments of $216 for this loan. mocars Getting started (month 0): Here is how the process works. When you buy the car, right at month 0, you owe the full $12000. Applying the 3% interest to this (3% is "3 per $100" or "0.03 per $1"), you would owe 0.03*$12000 = $360 for the year. Since this is a monthly loan, we divide this by 12 to find the interest payment of $30 for the month. You pay $216 for the month, so $30 of your payment goes toward interest (and is never seen again...), and (216-30) = $186 pays down your loan. (Month 1): You just paid down $186 off your loan, so you now owe $11814 for the car. Using a similar process, you would owe 0.03* $11814 = $354.42 for the year, so (dividing by 12), you owe $29.54 in interest for the month. This means that of your $216 monthly payment, $29.54 goes toward interest and $186.46 pays down your loan. The values from above are included…arrow_forwardSuppose you have an investment account that earns an annual 9% interest rate, compounded monthly. It took $500 to open the account, so your opening balance is $500. You choose to make fixed monthly payments of $230 to the account each month. Complete the table below to track your savings growth. Months Amount in account (Principal) 9% Interest gained (Remember to divide by 12 for monthly interest) Monthly Payment 1 2 3 $500 $230 $230 $230 $230 + $230 $230 10 6 $230 $230 8 9 $230 $230 10 $230 11 $230 12 What is the total amount gained in interest over this first year of this investment plan?arrow_forwardPlease show work / explain how you get answer as well. Thank you!arrow_forward
- Please show work / explain how you get answer as well. Thank you!arrow_forwardOn 1st May, 2024 you are engaged to audit the financial statement of Giant Pharmacy for the period ending 30th December 2023. The Pharmacy is located at Mgeni Nani at the outskirts of Mtoni Kijichi in Dar es Salaam City. Materiality is judged to be TZS. 200,000/=. During the audit you found that all tests produced clean results. As a matter of procedures you drafted an audit report with an unmodified opinion to be signed by the engagement partner. The audit partner reviewed your file in October, 2024 and concluded that your audit complied with all requirements of the international standards on auditing and that; sufficient appropriate audit evidence was in the file to support a clean audit opinion. Subsequently, an audit report with an unmodified opinion was issued on 1st November, 2024. On 18th January 2025, you receive a letter from Dr. Fatma Shemweta, the Executive Director of the pharmacy informing you that their cashier who has just absconded has been arrested in Kigoma with TZS.…arrow_forwardPlease show work / explain how you get answer as well. Thank you!arrow_forward
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