Business 620 Critical Thinking Seven Salvatore’s Chapter 14: a) Discussion Questions: 12 and 15. b) Problems: spreadsheet problems 1 and 2. Discussion Question 12: What is the rationale behind the minimax regret rule? What are some of the less formal and precise methods of dealing with uncertainty? When are these useful? The minimax regret rule is a strategy usually used by risk neutral management. The goal of this strategy is to minimize the maximum possible regret that would be incurred as a result
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high involvement and low involvement * Computer software (e.g. game or app/application) *Underwear *Restaurant 1. Explain why the first product you chose was a High Involvement purchase and why the second was a Low Involvement purchase. 2. Identify and discuss the differences between the way you went through the purchase decision processes for the two products. 3. Assume now that you are a marketer of each of the two products that you have discussed in the previous pages. Applying
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Task B: Case study: You are a social care worker and a service user‚ Hannah‚ tells you that she is unhappy taking her new medication as she thinks she does not need it and so she is throwing it away. You know from her care plan that Hannah does need to take the medication regularly and gets confused. Hannah begs you to keep this confidential and not tell anyone especially her daughter‚ who she sees regularly‚ as her daughter will be very angry. Bi: How would you explain the term ‘confidentiality’
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ACCT301 Week 2 Homework 1. In two to three paragraphs‚ describe the Sarbanes-Oxley Act and why it is important to the accounting profession. (15 points) Sarbanes-Oxley Act was created in order to ensure that controls were implemented and monitored by the regulating authority. Congress wanted to make sure that there was a specific standard and guideline for companies to follow in order to prevent fraud at such a large scale. When followed correctly there are controls set in place that are internal
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Student June 28th‚ 2014 LAW-201 Assignment #1 Case Studies 1 & 2 Case Study #1: Students for Fair Tuition and GSU President (incl. Mrs. Pimply) In the case of the "Students for Fair Tuition" and Giant State University’s employees (Mrs. Pimply and the GSU President) there were many notable concerns and events that took place that create valid reasoning to review possibility of crime having been committed on that day. A tort is once again not a criminal act‚ but rather a small offense
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[pic] Learner Performance Evidence Record for Holistic Assessment of Units Use this form to record details of activities (tick as appropriate) ( Observation by your Assessor ( Seen by a Witness ( Observation by Expert Witness ( Professional Discussion ( Self-reflective Account ( Assessor Statement of Work Product Your assessor may wish to ask you some questions relating to this activity. Ensure that they are recorded and remember to sign and date the bottom of the sheets. Learner Name:
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Unit 301 Outcome 1: understand why effective communication is important in work setting. 1.1 Identify the different reasons people communicate Different reasons people communicate is to engage in conversation‚ to make a point‚ to explain a reason a point or a command and to receive important information. 1.2 Explain how communication affects relationships in work setting. Communication can affect relationships in a variety of ways‚ one way it can affect relationships is for example
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unit 301 make a booklet to help inform a new member of staff about parental patnership. in your booklet list the values of parental partnership in their child’s early learning. explain why it is so important both in the setting and also to promote home learning and also explain why it is important for settings to have clear policies on how this should be done. One of the most important partnerships that you will make will be with parents. it is essential that we developstrong partnerships with
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Unit 4222-301 Promote communication 1. Understand why effective communication is important in the work setting 2.1 People communicate to let other people know their needs and wishes. They also need to tell others if they are in pain and how they are feeling‚ and to put their anxieties at ease. It is important in my role that I communicate constantly with my client to understand how she is feeling daily and to let her other carers know her needs and if her needs change at any time. I also
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301 – Set objectives and provide support for team members Describe the purpose of your team:- The purpose of my team within my setting is to ensure the running of the business and to make certain that the service individual needs are met to the highest standard. You have to adhere to all the policies and procedures. Within my setting all team member are interviewed and have to go through a lengthy to ensure that they will fit in with the team and be able to meet the service user’s needs.
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