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Question: 1. Give an example of a good decision that you made in the face of some uncertainty. Was the outcome lucky or unlucky? Can you give an example of a poorly made decision whose outcome was lucky?
2. Explain how modeling is used in decision analysis. What is meant by the term "requisite decision model"?
3. What role do subjective judgments play in decision analysis?
4. At a dinner party, an acquaintance asks whether you have read anything interesting lately, and you mention that you have begun to read a text on decision analysis. Your friend asks what decision analysis is and why anyone would want to read a book about it, let alone write one! How would you answer?
Manage a plant that mass produces engines by teams of workers using assembly machines.
Do you believe you acted unethically by not reporting the rotting stairs? Why or why not - How would you handle the situation if you were the owner of the organization
In addition to the failure of the $830 billion "stimulus package" to produce the kind of "GDP bump" promised by proponents of the program, it also failed to deliver on the claim that it would ensure that the US unemployment rate would not reach 8%, a..
Acres, whose grandmother gave her a family recipe for making pies, loved to cook, and she decided to staft a business she called Mrs. Acres Homemade Pies. The company produces specialty pies and sells them in local supermarl
Many home mortgages in recent years have been made with variable interest rates. Typically, the interest rate is adjusted once a year based on the current rates on government bonds. How do variable interest rate loans protect creditors from the ef..
What happened for stock C during this period? Calculate the price-weighted index value at time 0 and at time 1 assume the divisor for time 1 is 2.35. What is the rate of return if you use price-weighted method?
1.Suppose in the short run a perfectly competitive firm has variable cost = 6q2, and MC = 12q where q is the quantity of output produced. Also, the firm has fixed cost F = 6144.
breakeven cash inflows and risk. pueblo enterprises is considering investing in either of tow mutually exclusive
Which resource and in which country/industry are seen as scarce and what is being done in the industry or country. What substitutes have been used to overcome this problem
consider the trade problems of developing nations and make at least one recommendation for mitigating one of them.
The MidNight Hour, a local nightclub, earned $100,000 in accounting profit last year. This year the owner, who had invested $1 million in the club, decided to close the club. What can you say about economic profit (and the rate of return) in the n..
What are some of the specific techniques that managers might use to manage team meetings? Of those you identify, which do you see as the most effective and under what circumstances?
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