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1- Identify one other example of a decision (past or present) that was once considered "rational" but that is now reviewed as "irrational". Do not analyze a personal decision but one from a published or academic source.
2- Explain, in detail, why the decision was once considered "rational" but would now be considered "irrational".
3- Identify the decision theory from our learning in Unit 2 you believe was used in the original decision making within your example. You may select from expected utility theory, prospect theory, regret theory, pseudocertainty, satisficing, or noncompensatory strategies (all theories learned in Unit 2). Be sure to fully support "why" the theory you selected was present. Simply naming a theory won't be enough...you need to support your answer.
4- Identify at least three (3) recommendations (from your group to the CEO) that will help him improve or overcome the current decision making conditions within the organization.
Describe and explain the advantages and disadvantages of small businesses entering into international markets. How are small businesses important to an economy?
Evaluate the challenges experienced during the merger and the resulting impact to the business.
Three levels of ethics (of the four) noted in the text include-Explain each of these forms of ethics. Use examples as needed, to clarify your responses.
Define how the effectiveness of the advertising will be measured. Describe the different promotional strategies that may be used in addition to advertising.
CD players are produced on an automated assembly line process. The standard cost of CD players is $150 per unit [labor $30, materials $70 and overhead $50] the sales price is USD 300 per unit.
How many copies should the bookstore stock to achieve highest expected value?
AAAU tells Ford that they should fire the "scabs" who were hired during the strike so their union members can have their jobs back. Ford says that they are not going to fire anyone and they do not have to. Who is right and why
Maple sells its products to wholesale distributors also directly to large retail chains. Maple's Real Maple brand table syrup is very popular due to its high content of real maple syrup.
Determine two circumstances in which profit sharing and employee stock ownership may increase employee motivation and performance levels.
According to Maslow, these workers are motivated to satisfy which of his hierarchy of needs? A. B. C. D. self-actualization needs social needs safety needs physiological needs
What risks and opportunities does your company face due to an integrated European market?
Quill Manufacturing Business makes two models of marking pens. An unlabeled graph for this problem and the requirements for each lot of pens in the three manufacturing departments are given below.
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