What would I do if I won a million dollars? For example‚ from the lottery maybe? Yes‚ the chances of winning are just as likely as being abducted by aliens but if I did‚ I this were to happen‚ what would I do with the cash? Winning the lottery is a favorite daydream for a lot of us. If I had a million dollars‚ I’m guessing I would definitely want more. I would probably try to discover a way to double the million‚ probably put it up in a bank somewhere for a few years and let it collect some interest
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Chapter 11 – Decision Making What is Decision Making? * Decision making – the process of developing a commitment to some course of action * Can also be described as a process of problem solving * Problem – a perceived gap between an existing state and a desired state Well-Structured Problems * Well-structured problems – a problem for which the existing state is clear‚ the desired state is clear‚ and how to get from one state to the other is fairly obvious * Decision making takes time
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Cash Flows for Discounting Calculations When managers are forecasting the cash flows for a project‚ they will consider the expected revenues and costs‚ but they must also include an estimate for working capital requirements. The working capital will be required in period 1 to allow the business to acquire inventories and build up debtors (receivables) to the extent that these are not matched by trade. The working capital will be recovered at the end of the project when the inventories are sold‚
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Art and Business of Film Making The film industry is the most important form of entertainment of our time. The audiences in which films reach span from young to old‚ and the business side of the industry is driving force behind the wide appeal that the movie industry has today. Motivation of actors‚ actresses‚ and directors are exposed as they decide whether to do a movie for the business side with the box office‚ or do it for art side through gaining critical approval and awards. Whichever
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QUESTION 1 Why would someone like Meg Whitman give up the comfort of working for someone else and taking home a nice salary and fridge benefits for the stress of running a new kind of business that may or may not succeed ? ( 8 marks ) Nothing compares with taking on a major challenge in life and making it work. This is true even when you have a couple of kids to raise and have other important things to attend to. It is a particular challenge and an opportunity to show what you can do. This same motivation
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DECISION MAKING INTRODUCTION Decision making is an essential aspect of modern management. It is a primary function of management. A manager’s major job is sound/rational decision-making. He takes hundreds of decisions consciously and subconsciously. Decision-making is the key part of manager’s activities. Decisions are important as they determine both managerial and organizational actions. A decision may be defined as "a course of action which is consciously chosen from among a set of alternatives
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The train was late today and it was always early. Why was it late? The train was an apparatchik. The train always arrived at Chestnut Hill station at precisely 08:03am and departed five minutes later at 08:08am. It had arrived thirty-four seconds late. That meant they were running thirty-four seconds late. She stepped on first; followed by Amara and Annora Willowrider‚ then Margo Lilygrow‚ and finally Vulwin Heartgust and his obnoxiously large briefcase that took up a whole seat. She reached her
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Short Paper 2 “How would Aristotle respond to Utilitarianism?” How would Aristotle respond to Utilitarianism? The Definition of “Utilitarianism” is an ethical theory holding that the proper course of action is the one that maximizes the overall "good" of the greatest number of individuals. It is thus a form of consequentialism‚ meaning that the moral worth of an action is determined by its resulting outcome. The most influential contributors to this theory are considered to be Jeremy Bentham
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The Future of the Web and Small Business “The smartphone revolution is under-hyped; more people have access to phones than access to running water. We ’ve never had anything like this before since the beginning of the planet.” (Marc Andreessen) The future for small businesses and the web is user friendly mobile websites. Today our world is built around accessibility with most of the population are carrying iPhones‚ iPads‚ or Smartphones for quick and easy navigation. Small businesses need to utilize
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Chapter 12 Decision Making I: Need Recognition and Search WHAT DO YOU THINK Polling Question Most of the time I am a rational decision maker. Strongly disagree 1 2 3 4 5 6 7 Strongly agree Have students access www.cengagebrain.com to answer the polling questions for each chapter of CB. Ask them to take the online poll to see how their answers compare with other students taking a consumer behavior course across the country. Then turn to the last page of the chapter to find the
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