Question: When trying to decide on the best solution to solve a problem, the group can make a list to rank each solution on its impact

When trying to decide on the best solution to solve a problem, the group can make a list to rank each solution on its impact on the problem. What is this ranking process called?

Reward

-

risk analysis

Brainstorming

Solution implementation

Cost

-

benefit analysis

Critical thinking

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

James Hayes owns 370 shares of Ohio Utility preferred stock. If this preferred stock issue pays $2.80 per share, what is the total dollar amount Mr. Hayes will receive in one year?

I need your help with this: Can you please quote from the attached chapters / resource if possible? Corporations often use different costs of capital for different operating divisions. Using an...

I'm doing a project for cost /benefits /risk analysis for information system. My case analysis is tesla motors and i could not find a resources of how much their website application cost, maintain...

Why is it important to consider both cash inflows and outflows, along with their timing, to make good capital investment decisions?

When trying to decide on the best solution to solve a problem, the group can make a list to rank each solution on its impact on the problem. What is this ranking process called? Reward - risk...

ons re06pi14h.M10 Question 1 of 1 Check My Work Your agency provides courier services throughout a large urban area, and you cater to the legal and financial community where proof-of- delivery,...

20 Proposals Proposals are part of our personal lives: lovers propose marriage, friends propose sharing dinner and a movie, you offer to pay half the cost of a car and insurance if your parents will...

base on the question 3 1. What are the six steps of problem solving? 2. What is an algorithmic solution to a problem? 3. Name three current problems in your life that could be solved through an...

Was terminating Marks employment the proper course of action? Discuss the termination from the organizational justice (from the Cropanzano, Bowen, & Gilliland PDF reading) and social intelligence...

Gas and Dash Leon Rudiger has been the owner of Squirrelys Gas Bar in rural Alberta for several decades and still offers full service for customers filling their vehicles with gas. Although he added...

Question: Define the problem in the case and Recommend a solution to solve the problem. use quantitative and qualitative analysis to support the recommendation and layout the Implementation Plan for...

Given the following bivariate data x 11 15 19 23 27 y 150 270 450 580 740 1. Find SS xx = 2. Find SS yy = 3. Find SS xy = 4. Find the coefficient of correlation between x and y r = 5. Find the...

Define the "competitive nature of the Greeks which can be summed up by saying there is no second place winner" Therefore since Greece is small compared to all her neighbors (like Persia and Egypt)...

Can you help me solve this general accounting problem using the correct accounting process? Wagner Manufacturing uses direct labor-hours to calculate its predetermined overhead rate. At the beginning...

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....