Benjamin Franklin once said, “If you fail to plan, you are planning to fail”. Explain
Q: Explain what are various types of information for decisions making does simulation typically…
A: The term "simulation" refers to the practise of reproducing the behaviour of a real-world process…
Q: The cash flow details of a public project is as follows Initial cost = BD 210000 Annual operating…
A: Please find the attached answer in step 2
Q: Elaine wants to invest in a company, what financial statement should she will check first? Income…
A: If Elaine wants to invest in a company she should firstly check the income statement.
Q: business owner is planning to strategies his company's growth, he can either buy , rent, or lease a…
A: Given information- The probability of business doing good = 0.7 The probability of a slow business…
Q: When calculating the expenses to run a business there are things that can’t be changed called…
A: In business, there are such things that remain fixed or contant throughout the whole operations of…
Q: Long-term plans are those with a time frame beyond three years Select one: True False
A: The organization should focus on customer service as well as the profit earning in the organization.…
Q: probabilities
A: probabilities: $10 0.9, $50 0.1
Q: Assume that Product Z is made of two units of A and four units of B. A is made of three units of C…
A: Formula to be used; Units needed = Gross requirement * Usage rate
Q: According to Roger Martin, which of the following is NOT a question that a strategy should answer?…
A: A strategy is a long-term action plan and a guiding tool to achieve organizational goals and…
Q: Joe runs the Service Department at a car dealership. The overall dealership has profit of $10…
A: Profit is defined as the reward which is awarded to an entrepreneur for bearing all the risks…
Q: Uncertainty and risk are sometimes used interchangeably, but they are not really the same, please…
A: People often get confused while addressing the difference between risk and uncertainty. Due to this…
Q: A decision maker's worst option has an expected value of $1,000, and her best option has an expected…
A: Formula:- The expected value of perfect information= Expected value with perfect information -…
Q: Mr. ABC is devising plan for remaining four semester of BBA program he has assumed to take five…
A: The management works to accomplish the target with the managerial skills of the employees or the…
Q: Explain what is meant by the term "time value of money". For example, why might it be better to…
A: Time value of money is a fundamental financial concept which depicts that the money present now is…
Q: What is planning for the worst case scenario
A: To succeed in the long-run, a firm must handle both bad & good times. To handle any disasters…
Q: f the fixed costs of manufacturing a new cell phone are $40,000, the sales price is $200, and…
A: The point at production cost and revenue comes at the same point or amount. This situation is the…
Q: Describe the Failure Mode Effect Analysis (FMEA) and how it can improve your risk management…
A: Note - Hi! Thank you for the question As per the honour code, We’ll answer the first question since…
Q: Explain the process of using linear programming to make crashing decision?
A: Linear programming is a mathematical methodology or strategy for determining or discovering the…
Q: Suppose that you are planning to build a house in the country. It will be a brick, one-story…
A: 1) Following activities are involved in the project are sequenced in their proper order: 1-…
Q: Suppose you want to mine for gold. Your decisions are to build a mine or not, and to hire a…
A: THE ANSWER IS AS BELOW:
Q: For the following payoff table, what alternative should be chosen if you are following a Maximin…
A:
Q: Sarah Chang is the owner of a small electronics company. In six months, a proposal is due for an…
A: Now, Chang decides to use exponential utility function. For this, click on node A29 and choose…
Q: A project has a PV at status of $55000 at the status date and a BAC of $180000 at the end of the…
A: Given- Planned Value(PV) = $55,000 Budget at Completion(BAC) = $180,000 Actual Cost(AC) = $121,000…
Q: In stating objectives, why should terms such as increase, minimize, maximize, as soon as possible,…
A: A goal describes what an individual or business organization expects to achieve or accomplish in…
Q: Calculate the expected value and standard deviation for the following distribution: a 10% chance of…
A: The question is related to Expected value and Standard deviation. Expected Value = Value ×…
Q: Monica Britt has enjoyed sailing small boats since she was 7 years old, when her mother started…
A: The decision tree is shown below.
Q: What type of information for decision making does simulation typically provide?
A: A decision support system dependent on assembling production is one reasonable arrangement. These…
Q: To protect themselves, restaurant owners should make their lease contingent on obtaining the…
A: Obtaining licences and permissions is one of the first duties for any new business. Even an…
Q: It seems obvious that if you can purchase information before making an ultimate decision, this…
A: Decision-making follows wherever business goes on to complete its journey. Business internal…
Q: A circus is scheduled to appear in a city on a given date. The profits obtained are heavily…
A: Sunny Prior Conditional Joint Revised (Posterior) Good 0.5 0.7 0.5*0.7 = 0.35 0.35/0.45=0.78…
Q: Matt Mona is in the process of purchasing a motel near a college town. Themotel costs $3,500,000.…
A: Motel Cost = $3,500,000: Number of years = 39 Lot costs = $500,000 = land will appreciate at an…
Q: (a) Which alternative should be chosen under the maximin payoff criterion? (b) Which alternative…
A: The payoff table is given in order along with the prior probability and the decision as per the…
Q: A group of medical professionals is considering the construction of a private clinic. If the medical…
A: A decision tree analysis is a method which is used by companies to make decisions based on the…
Q: We are thinking of filming the Don Harnett story. Weknow that if the film is a flop, we will lose $4…
A:
Q: How is EMV calculated for these steps. What is the probability and impact in these questions. 1)…
A: 1) Yes, I should play. The expected net monetary value is $ 1780 2) I should try again, because the…
Q: 1. The income statement is a statement that shows the result of the operation of the business. In…
A: Given Revenue for the first quarter = Php 155,000 Expenses for the first quarter = Php 80,000
Q: Develop a decision tree that can be used to solve Chang’s problem. You can assume in this part of…
A: A Decision Tree is the Graphical display of the progression of Decision and random events. The…
Q: A rock concert producer has scheduled an outdoor concert. The producer estimates the attendance will…
A: Formula to be used to calculate the profit = Profit = Revenue - Cost
Q: Do we need to criticize someone’s ideas during a brainstorming session? Support your opinion.
A: Brainstorming is a systematic and procedural method for producing different views on the same topic.…
Q: 10. An investor must decide between two alternative investments-stocks and bonds. The return for…
A: A payoff table refers to a table that can be used to represent and analyze a scenario that has a…
Q: The company took a lot of debt five years ago to finance a major expansion, and the recent rise in…
A: "Since you have asked multiple questions we will solve the first question for you. If you want any…
Q: Kabelo and Hendrik are joint owners of Fitness Gym. They are currently investigating the option of…
A: A capital project can be stated as a long-term, capital-accelerated investment project with a motive…
Q: The company took a lot of debt five years ago to finance a major expansion, and the recent rise in…
A: The stakeholders can be defined as the persons who have a keen interest in the business either they…
Q: What is the difference between Maximum Foreseeable Loss(MFL), Probable Maximum Loss(PML), and…
A: The difference between Maximum Foreseeable Loss(MFL), Probable Maximum Loss(PML), and Estimated…
Q: nature of the issue, a thorough plan for limiting the effect of the risk might take numerous forms?
A: Risk is something that every company must deal with to some degree. Along with its day-to-day…
Q: Monica Britt has enjoyed sailing small boats since she was 7 years old, when her mother started…
A: From the given write-up, the following information can be extracted. States of nature…
Step by step
Solved in 2 steps
- A major benefit of contingency planning is for a strategic leader and/or manager to be in a position to delay in responding to expected and unexpected occurrences that require a contingency plan. Select one: True FalseContingency plans are alternative plans that can be put into effect if certain key events do not occur as expected. Select one: True FalseWhat is planning for the worst case scenario, and how does it work?
- the market in the small rural town of centerville has been very hot. values are leveling off but single family residences remain scarce . a potential buyer asks about the advisability of buying some farmland outside of town to develop into single family lots for sale to builders. she has noticed several builders already getting ready for new subdivisions by preparing new lots . how might a broker best advise this potential buyer. a) he should suggest to this potential buyer that her timing is perfect. The slowing residential market will give her a chance to get the lots ready and she can probably pre-sell some to builders and raise some cash. Since strong markets usually last a decade or more, she should line up her financing and get started. b) in a cycle like the one described, builders always play "follow the leader". The builders obviously will sell their new homes quickly and a broker should encourage this potential buyer to go ahead with her plan to she can be ready to profit by…Explain, “Plan your work and work your plan, because if you fail to plan, you plan to fail.”In addition to providing directions and reducing the risk of uncertainty, planning helps managers in the many other ways. Explain any four such ways.
- What are the potential consequences of inadequate planning or failing to plan altogether?You are the laboratory manager of a medium-sized 120-bed hospital and are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is a possibility that budgetary cutbacks will be needed to alleviate the situation. Each departmental manager is being given one week to plan how to accomplish a cost reduction of 10% within his/her department, should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. What type of long-range planning should be considered?You are the laboratory manager of a medium-sized 120-bed hospital and are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is a possibility that budgetary cutbacks will be needed to alleviate the situation. Each departmental manager is being given one week to plan how to accomplish a cost reduction of 10% within his/her department, should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. Identify the steps in developing short-term goals to address the potential reduction in resources described above.
- You are the laboratory manager of a medium-sized 120-bed hospital and are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is a possibility that budgetary cutbacks will be needed to alleviate the situation. Each departmental manager is being given one week to plan how to accomplish a cost reduction of 10% within his/her department, should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. What criteria will you use to determine the best plan of action?Death is a reality. Nobody is immortal.With that note, everyone should be financially ready to go through life. We should be able to draw and finance our own Life Planning Timeline. Sometimes we are forced to go through life with unforeseen circumstances. We often worry ourselves with the following questions:• What need to be done for a funeral ceremony when it is unplanned?• What are the consequences when your funeral is unplanned?2020 had taught everyone to be more analytical about this matter. Therefore, financial savvy is a must to survive after Covid 19. Assign each group member with a family tree title. Assume that the leader and the assistant leader are the parents and the breadwinner of the family. You are required to write objectively about the innovative ways to encourage personal budgeting to prepare the family after either one of the parent’s death. You can be as creative as possible to come up with the innovative measures in creating various wealth generating portfolios…Based on the picture below, explain each briefly like you are teaching this to your students or give a summary explanation about how scenario planning works. Implications Early Warning Signals