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Assignment Details: 200-400 word response
This DB has three parts.
When making a decision it is human nature to make assumptions. Understanding the assumptions along with the consequences should those assumptions be incorrect is important.
A best practice when making a decision is to make a list of any assumptions that exist.
Discuss a decision you have made in the past in your professional life that was based on assumptions that proved to be incorrect.
What were the consequences and how did you handle the resulting situation?
There are many different decision making models available such as: the rational model; the seven step model; and the Carnegie model to name a few. What are the pros and cons of managers using decision making models?
What factors should be taken into consideration when collecting data for a strategic decision?
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
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Brandon Production is a small firm focused on the assembly and sale of custom computers. The firm is facing stiff competition from low-priced alternatives
You have just notified by the Student Aid and Scholarships Office that you would receive a regent's scholarship of $2000 for the coming academic year.
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The company aims 99% customer service level in terms of product availability. Determine the economic order quantity.
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In your experience, what is the nature of managerial work?
The Goodparts Company produces a component that is subsequently used in the aerospace industry. The component consists of three parts (A, B, and C) that are purchased from outside and cost 35, 30, and 10 cents per piece, respectively.
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Pick an area of interest to you (production, AR, sales, financial statements, etc). Select a financial ratio that is commonly used in the area you selected. First locate it on a NetSuite dashboard. Describe where you located the ratio (screenshot may..
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