Reference no: EM1354293
1 Give an example of a good decision that you made that resulted in a bad outcome. Also give an example of a bad decision that you made that had a good outcome. Why was each decision good or bad?
2 Describe what is involved in the decision process.
3 What is an alternative? What is a state of nature?
4 Discuss the differences among decision making under certainty, decision making under risk, and
decision making under uncertainty.
5 What techniques are used to solve decision-making problems under uncertainty? Which technique
results in an optimistic decision? Which technique results in a pessimistic decision?
6 Define opportunity loss. What decision-making criteria are used with an opportunity loss table?
7 What information should be placed on a decision tree?
8 Describe how you would determine the best decision using the EMV criterion with a decision tree.
9 What is the difference between prior and posterior probabilities?
10 What is the purpose of Bayesian analysis? Describe how you would use Bayesian analysis in the decision-making process.
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Audit-pcaob general standards
: Based on the Auditing Standards presented by the PCAOB, discuss whether or not you believe the "general standards" are adequate for today's business environment.
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Explaining theoretical comparison and rationale
: The court assigned a family counselor to provide counseling for the children, because they are exhibiting aggressive behaviors toward other children at their daycare.
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Elucidate is demand curve is horizontal
: In which of these instances is demand said to be perfectly inelastic. Elucidate is demand curve is horizontal.
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Find company cost of common equity
: Firm x has a target capital structure of 40% debt and 60 percent common equity, with no preferred stock. The yield to maturity on the firm's outstanding bonds is 9.96%.
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Define the difference among prior or posterior probabilities
: Explain the difference between prior and posterior probabilities and What is the purpose of Bayesian analysis and Describe how you would use Bayesian analysis in the decision-making process
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Third standard-audit field work
: What is the purpose of engagement planning? What critical information should the auditor consider during engagement planning? How will this information affect the scope of the audit?
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What happen if marginal product of labor minimizing cost
: What happen if the marginal product of labor is 23, is the firm minimizing cost. What happen if the marginal product of labor is 21, is the firm minimizing cost.
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Developing audit model
: Create your own design audit model that you may use to determine the extent to which your organization participates in design-principled practices. Write a analysis based on your audit findings, which include recommendations for improvement.
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Traumatic injury of brain
: Test Findings: Low-average IQ (82), long-term memory(76%); high-average short-term memory (112). Cognitive functions are mildly impaired and strongly lateralized to the right hemisphere. No significant problems with emotional adjustment.
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