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- PLEASE ANSWER THANKS. Use your critical thinking and reasoning skills to solve the following problem. Yana has been out of work for four months due to pandemic Covid-19 crisis. Then, in the same week, she is offered jobs by two different companies, the 99 Speedmart and KK Super Mart. KK Super Mart is paying higher hourly rate and is nearer to her home but she has to work on 24 hours shift, while 99 Speedmart is located 2 kms far from Yana’s home but nearer to her child’s day care centre. What should Yana do?28 When managers make decisions that are objective and for the best interest of the firm instead himself/herself, they are following the concept of A) escalation of commitment B) bounded rational decision making C) rational decision making D) intuitive decision making E) none of the aboveTrue or False: Management information systems (MIS) primarily focus on collecting, processing, and distributing information for tactical decision-making at the operational level of an organization.
- three new exponential equations to represent Alison, Cindy, andJavier. Alison loves social media and likes for her posts to be shared as much aspossible while Cindy and Javier prefer for their posts to stay amongst theirfriends primarily.Locate an example where a business made a bad decision because they lacked good information. Discuss how good business research would have led to a better decision by the organization.Consider Bruno who manages an underwriting team in an insurance firm. Recently, the management of Bruno’s firm informed him of their decision to create a new risk assessment team, consisting of data scientists with machine learning expertise, and reduce the size of Bruno’s underwriting team. Bruno’s underwriting team will now work with the new risk assessment team in order to determine whether to provide insurance to applicants. Graphically illustrate the impact of the management’s restructuring decision on the firm’s production function. Your diagram should have the amount of human intelligence on the horizontal axis and the number of decisions on whether to provide insurance on the vertical axis. Fully label your diagram. Note that there are no actual numbers given in this question: you may make them up or simply use appropriate notations. Briefly explain the key information of your diagram.
- Financial analysis should be used as an input to decision making, not as the decision-making process. True or FalseDiscuss briefly the Hierarchy of the information- based business decision makers.Which level has the best chance of success and why? (Decision Making subject)Provide an example of a business decision where business analytics should always be used and justify your answer. Are there any critical resource requirements needed to support business analytics in this situation? What if these requirements can't be met?
- Fallacies or logic flaws are also known as ______ ______.What type of information for decision making does simulation typically provide?Managers need to make decision in myriad of situations and the type of information required by decision makers is directly related to the level of management decision making involved and the structure of decision situations they face.how management support systems support decision making at different level?