Why do capable managers sometimes make bad decisions? What can individual managers do to improve their decision-making
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
Capable managers sometimes make bad decisions because the decision making process can often be risky ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Essentials of Contemporary Management
ISBN: ?978-0077439477
5th edition
Authors: Gareth Jones, Jennifer George
Question Posted:
Students also viewed these Human Resource Management questions
-
In what kinds of groups is groupthink most likely to be a problem? When is it least likely to be a problem? What steps can group members take to ward off groupthink?
-
Identify the criteria you used, either consciously or unconsciously, to guide your decision making.
-
As a group, spend 5 or 10 minutes generating ideas about the alternative restaurants that the members think will be most likely to succeed. Each group member should be as innovative and creative as...
-
The preferred stock of Walter Industries Inc. currently sells for $36 a share and pays $2.50 in dividends annually. What is the firms cost of capital for the preferred stock?
-
For the leading health maintenance organization (HMO) firms, data file XR15014 lists the number of persons enrolled in the HMO along with the number of plans the firm administers. Given these data,...
-
The pinion \(A\) of the hoist motor drives gear \(B\), which is attached to the hoisting drum. The load \(L\) is lifted from its rest position and acquires an upward velocity of \(3 \mathrm{ft} /...
-
The relation between the Celsius scale and the Fahrenheit scale is (a) \(T\left({ }^{\circ} \mathrm{F} ight)-1.8 T\left({ }^{\circ} \mathrm{C} ight)=32\) (b) \(T\left({ }^{\circ} \mathrm{F} ight)=1.8...
-
Ratio Analysis the 2007 Annual Report of Eastman Kodak contains the following information. Compute the following ratios for Eastman Kodak for 2007. (a) Asset turnover ratio. (b) Rate of return on...
-
Based on the results and their evaluation, propose the adjustments or strategies that you understand the company should make to place itself in a better financial position. ? Would you invest in...
-
Lets see what the BaumolTobin model says about how often you should go to the bank to withdraw cash. a. How much do you buy per year with currency (as opposed to cheques or credit cards)? This is...
-
In what ways do the classical and administrative models of decision making help managers appreciate the complexities involved in real- world decision making?
-
What is organizational learning, and how can managers promote it?
-
The financial services call center in Problem 3.66 also monitors call duration, which is the amount of time spent speaking to customers on the phone. The file CallDuration contains the following data...
-
You are the new marketing assistant for a small company which produces soaps and shower gels. The Director has little knowledge of marketing, but is interested to know a little more about...
-
ASOS is an online retailer of fashion items. The company has no high street stores, instead operating solely on the Internet: the name comes from As Seen On Screen (and is pronounced ACE-OSS). The...
-
Why might a consumer feel that paying 150 for a pair of designer jeans represents good value for money?
-
Should we focus on global segments or are all segments the same regardless of which country you choose to enter? Develop a discussion in response to this argument.
-
What type of focus group would be best suited to an investigation of working womens food shopping habits?
-
Account for the relative values of the rate constants for the following electron-transfer reactions in aqueous solution: For which reactions is G = 0? Reaction Reactants number I II III [Ru(NH3)6]+ +...
-
As you rewrite these sentences, replace the cliches and buzzwords with plain language (if you don't recognize any of these terms, you can find definitions online): a. Being a jack-of-all-trades, Dave...
-
Try to remember how you reached the decision. Did you sit down and consciously think through the implications of each alternative, or did you make a decision on the basis of intuition? Did you use...
-
In retrospect, do you think that your choice of alternative was shaped by any of the cognitive biases discussed in this chapter?
-
In retrospect, do you think that your choice of alternative was shaped by any of the cognitive biases discussed in this chapter?
-
As of June 30, Year 1, the bank statement showed an ending balance of $16,878. The unadjusted Cash account balance was $15,239. The following information is available: 1. Deposit in transit, $2,190....
-
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor...
-
Marin Company produces two software products (Cloud-X and Cloud-Y) in two separate departments (A and B). These products are highly regarded network maintenance programs. Cloud-X is used for small...
Study smarter with the SolutionInn App