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We know from a great deal of research that when asked to assign probabilities to uncertain states of nature most people give answers that are over-confident when calibrated against reality and that are also subject to many other systematic and common biases. You are managing a large and risky project to develop wind energy offshore in the Nantucket Sound of Massachusetts. This is a controversial project that is opposed by significant political interests (e.g., the Kennedy family of Hyannisport). You have assembled a group of political and legal experts to advise you on the probability that this opposition could cause more than a year of delay to your development schedule by virtue of litigation and protest. What steps would you take in designing an interview protocol for these experts that would help ensure that the probabilities they assign to this event are well-calibrated in reality (i.e., as free from bias as possible).
Q. Show the Merits of residual income? Merits of residual income (RI) - Consistent or goal congruence with profit maximisation e.g. an enforced measure of profitability.
Q. Show the Modern methods of budgeting? A flexible budgeting system produces many budgets projecting costs and revenues over different ranges of production or sales volumes.
(a) XUZ Company produces readymade garments for men. The purchasing officer collects the following information:- Annual demand for Jeans 40,0
Q. Show the Quick ratio or acid test? Quick ratio or acid test Quick ratio = Current assets less inventories / Current liabilities (times) This ratio meas
Division X has a target return on investment (ROI) of 12%. It has fixed costs of £400,000 and a variable cost per unit of £5. The net assets of the division forecast for the next
There is wide support from government agencies for people to exercise and indeed take part in sport. For many sportspeople, however, injury plays a part in their day-to-day sportin
Over the next three weeks, you will perform a SWOT Analysis specific to your topical area for your case study. This SWOT Analysis will become "Appendix A" for your case study.
Finding trends and connections in data to inform competitive strategy
Q. Concept of clan - cultural control? Clan control requires a common understanding of norms and standards amongst an organisations diverse membership e.g. staff and team membe
explain the concept of synergy
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