Question

if answer is in handwriting please make it visible Explain a situation you have observed (or...

if answer is in handwriting please make it visible




Explain a situation you have observed (or read about) in which a firm made a decision considering irrelevant costs or did not consider relevant costs. What was the outcome of the decision, and what could have been done differently?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Situation have arisen where the firm after taking into account irrelevant cost and decided to let go of contract this includes one of the infrastructural company which has lost a major contract since the pricing it calculated was including irrelevant sunk cost and the company took part in the bidding process basis that only resulting the company to loose the contract. Company shoul not have taken into account the irrelevant cost including the premises charge it was already paying regardless of the contract win or lose and should have lowered the prices to win the contract as this would have been cash flow positive for the company.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
please your handwriting is clear and make the answer simple and short. talk about lab or...
please your handwriting is clear and make the answer simple and short. talk about lab or project in a group Q5: describe a recent situation where you had to work in a team with someone who fialed to deliver on his /her part of the assignment. Outline the context .what actions did you take to encourage your colleague to contribute ?how did you handle his/her reaction ?what did you learn from this experience that will help you in future team...
1. Why are sunk costs relevant in decision making? Explain 2. What are the factors that...
1. Why are sunk costs relevant in decision making? Explain 2. What are the factors that make a cost or revenue item relevant? Have you been in a situation where you needed to make this distinction? If so, how did you determine relevancy?
Question: You have done the BCG matrix analysis of your portfolio and observed that you have...
Question: You have done the BCG matrix analysis of your portfolio and observed that you have a question mark brand in the energy drink market. Thinking about the conditions what could you do to make it become a star ?
Have you ever been involved in a lease-or-buy decision at work? In your personal life? Please...
Have you ever been involved in a lease-or-buy decision at work? In your personal life? Please describe this situation and be sure to include the following information: How did you approach making this decision? Did you use a formal process or an informal process? What factors went into making the decision to lease or to buy? In hindsight, do you think that you made the right decision? Do you think that you made the cost effective decision? minimum of 200...
Could someone please explain the concept of "shepherd's lema" in a clear way? Also, could you...
Could someone please explain the concept of "shepherd's lema" in a clear way? Also, could you provide an example to further illustrate what it is? Also, please write legibly. I don't mean to be rude, but part of the reason why I'm asking this is the last person who answered my question did so through handwriting I couldn't clearly read, so I didn't actually understand the answer. If you write down the answer please be sure your writing is very...
please unique answer, no handwriting, for safeAssign Pilgirism submission.API style Purpose The purpose of this assignment...
please unique answer, no handwriting, for safeAssign Pilgirism submission.API style Purpose The purpose of this assignment is to help you learn more about the concepts related to the role of System Analyst. Brief Introduction Suppose that you are an analyst for the ABC Company, a large consulting firm with offices around the world. The company wants to build a new knowledge management system that can identify and track the expertise of individual consultants anywhere in the world on the basis...
Please answer the following questions: 1. What do you feel is most confusing about the current...
Please answer the following questions: 1. What do you feel is most confusing about the current nutrition food label? Please explain. 2. Please look at the new, revised food label (as described on the FDA's website). Do you feel that this has made it easier to read labels, harder, or no different? Please explain. 3. What do you feel would make food labels easier to read? Please explain and share your ideas/thoughts.
Consider one of the themes relative to supply chains: Disruptions, Additive Manufacturing, New Service/Product Development, Supplier...
Consider one of the themes relative to supply chains: Disruptions, Additive Manufacturing, New Service/Product Development, Supplier Relationships, Order Fulfillment, Customer Relationships, and Risk Management. Choose any one of these themes and find a story online that you find interesting that pertains. Make it like a Case Study but tell us the conclusions. Tell us the background, what happened, and also include your opinion about what could have been done to create a better situation or outcome.
please unique answer, no handwriting, for safeAssign Pilgirism submission.API style In DBMS, what would you use...
please unique answer, no handwriting, for safeAssign Pilgirism submission.API style In DBMS, what would you use to obtain information about the current logical structure of the database? How this information is recorded in the DBMS and who is responsible to maintain it? Question Two Consider the following schema: Student(id, name) Registration(id, code) Course(code, instructor) Explain how we can violate the foreign key constraint from the id attribute of Registration to the Student relation. Give the following queries in the relational...
dentify and describe a point in your life when you failed. Don’t write about simple or...
dentify and describe a point in your life when you failed. Don’t write about simple or silly mistakes. The difference between a failure and a mistake is how bad you felt afterwards. A real failure still makes you cringe when you think about it years later. What was the situation? What were your goals? And how did it turn out? Describe your initial reaction to the failure. Were you shocked, surprised, angry, or depressed? Initially, who or what did you...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT