Managers usually make decisions by following a four-step process. What are the steps?
What will be an ideal response?
1. Define the problem (i.e., a decision situation that may deal with some difficulty or with an opportunity).
2. Construct a model that describes the real-world problem.
3. Identify possible solutions to the modeled problem and evaluate the solutions.
4. Compare, choose, and recommend a potential solution to the problem.
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The perspective in the balanced scorecard approach that is concerned with the shareholders' view of organizational performance, such as market share, revenue growth, and stock price, is known as the ______ perspective.
A. Parent company B. Internal business C. Financial D. Customer
On Monday evening, after a brokerage off has closed, a salesperson receives an offer to purchase and an earnest money deposit in the form of a personal check. On Wednesday, she obtains the final acceptance on the offer. The earnest money check would MOST LIKELY be turned over to her broker:
A. Monday. B. Tuesday. C. Wednesday. D. Thursday.