Reference no: EM131699925
MANAGERIAL DECISION MAKING
1.You have recently graduated from college, and after a job search that took 4 months, you received an offer from an advertising firm. The position offers training, the opportunity for advancement, and a bonus of up to $5,000 based on performance. The annual salary is $40,000, which is lower than you expected; your research found the average pay for similar jobs is $50,000. Your average monthly living expenses are $2,000, and you have $7000 in savings.
You know from a friend who works there that prospective employees typically try to negotiate after receiving a job offer and that the company expects to receive a counter offer from you. The higher your request, the less likely the company is to agree with it.
You must decide whether to accept the offer or ask for a higher salary and, if so, what it will be. Conduct an analysis that uses a decision tree and states your BATNA (best alternative to a negotiated agreement) and reservation value to support your decision. Explain the analysis and your decision.
Your response should be at least 300 words in length.
2. Explain the difference between uncertainty and risk. What are the best ways to deal with both uncertainty and risk in decision-making in a business setting? What risks can you associate with your current job or a potential job in the future, and how do you recommend managing those risks?
Your response should be at least 300 words in length.
3. You are the owner of a small tool and die maker business that has the opportunity to become a supplier to a large manufacturer. Two other firms are competing against you for the same contract, which calls for 1,000 units to be delivered in 60 days. The higher your bid, the more profitable you will be.
On the other hand, higher bids have a lower chance of being accepted. Fulfilling the order will cost $50,000, and you typically look to earn a minimum margin of 30%. Use decision tree analysis to make a decision about the amount of the bid you will make. Show the decision tree, and explain the reasoning behind your analysis and decision.
Your response should be at least 300 words in length.
CRIMINAL JUSTICE:
1. Explain the dual court system and why it is utilized in the American court system.
Your response should be at least 200 words in length.
2. What are the three tiers of the federal court system? Compare the state and federal court structure.
Your response should be at least 200 words in length.
Computer E.
For this essay, you are going to be using the information tool, Wikipedia, briefly to find original sources on the subject of cloud computing. I want you to verify two references in Wikipedia, and write a 200-word essay on any aspect of cloud computing that you want.
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Define promotion is one of the ps in the marketing mix
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Explain the use of fifo and lifo supply chains
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Describe hand-arm vibrations
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Explain how well you understand the story
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Explain the difference between uncertainty and risk
: Explain the difference between uncertainty and risk. What are the best ways to deal with both uncertainty and risk in decision-making in a business setting?
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Schedule patient visits at regularly spaced intervals
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Explain the purpose of the team
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Discuss what are the major location determinants
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Prepare a budgeted statement of cost of goods sold
: To meet sales requirements and to have 2,500 units of finished goods on hand at December 31, 2017, Prepare a budgeted statement of cost of goods sold
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