What information do you need before you can decide which type of business might be the most successful? Be sure to give your answer in at least three to four sentences.
Explanation:
Before starting a business it is necessary to know the market in will act. Thus, market studies are necessary to know who the competitors are, the potential consumption, the potential return, ie the future profit of that activity etc.15-Feb-2017
According to the PACED decision-making tool, what is the first step in
decision making?
A. Define the problem
B. Pick criteria
C. List the alternatives
D. Evaluate the alternatives
A matrix that can be utilized in the decision-making process is the PACED Model.
We can solve issues more logically by applying the PACED processes of Problem, Alternatives, Criteria, Evaluate, and Decide. Students may be able to make decisions more rapidly using this graphic strategy.
Step 1: Define the issue
Step 2: List the alternatives
Step 3: Establish the standards
Step 4: Consider the options.
Which should be taken into account whenever making logical decisions?Instead of relying on subjectivity and intuition, rational decision-making uses objective data, logic, and analysis to help solve problems and accomplish goals. It is a methodical approach that enables you to recognize an issue, choose a course of action from a variety of options, and come up with a response.
It involves identifying the problem that has to be solved, gathering information, finding options and outcomes, assessing them, accounting for all the linkages, and coming to a decision.
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According to the PACED decision-making tool, Defining the problem is the first step in decision-making. Therefore, option A is the correct option.
What is decision-making?
Decision-making is the art of making decisions. The decisions of human beings define their lives and also decide their future and course of life. Decision-making is a process of thinking about the issue or situation, analyzing all aspects of it, analyzing all the repercussions and consequences of the same tan then making some decision that is wise and sustainable in the long term.
From, deciding about which clothes to wear to, deciding the college or a career, all the decisions sum up and result in big realities.
The first step in making a choice, according to the PACED decision-making methodology, is to define the problem. As a result, choice A is the best one.
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What is the exterior envelope of a structure?
Answer:
The building envelope of a usually consists of its roof, sub floor, exterior doors, windows and exterior walls.
Describe data processing in accounting by selecting the correct statements below. (Check all that apply.) Multiple select question. Online processing enters and processes data as soon as source documents are available. A disadvantage of online processing is timeliness. Accounting systems differ with regard to how input is entered and processed. Batch processing accumulates source documents for a period of time and then processes them all at once. An advantage of online processing is timeliness. An advantage of batch processing is the lack of updated databases for management to use when making decisions.
Answer:
✓Batch processing accumulates source documents for a period of time and then processes them all at once.
✓ Online processing enters and processes data as soon as source documents are available.
✓An advantage of online processing is timeliness.
✓ Accounting systems differ with regard to how input is entered and processed.
Explanation:
.
The data processing can be regarded as process which involves set of operations that helps in transforming data to useful information. This encompass Collection of data, sorting of data to suitable format, entry of data. In accounting this process could involve recording, as well posting/closing steps which are required in the journals and ledgers. It should be noted that data processing in accounting can be described as;
✓Batch processing accumulates source documents for a period of time and then processes them all at once.
✓ Online processing enters and processes data as soon as source documents are available.
✓An advantage of online processing is timeliness.
✓ Accounting systems differ with regard to how input is entered and processed.