Question

Decision management and control of the same decisions should be separated if a. the decision maker...

Decision management and control of the same decisions should be separated if

a. the decision maker is also going to ratify the decision

b. the decision maker is also the controller of a firm.

c. The decision maker bears the wealth effects of their actions.

d. The decision maker does not bear the wealth effects of their actions.

e. None of the above.

Please briefly explain

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A.)) The decision maker is also going to ratify the decision.

If these two responsibilities are separated, then the person responsible for decision managementwill be extra cautious while performing his responsibility as he will be cautious that someoneelse would be controlling the decisions taken by him and hence he should take decisions deligently.

These two functions should be separated so that there is not aconflict of interest between the two. For example, a manager who has decision authority over pricing might be tempted to benefit himself if he were to receive a bonus on number of units sold or the decision maker and ratifers can't be the same as it decrease effeciency of the decision.

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
Should decision management and decision control be separated? As part of your discussion, provide a real-world...
Should decision management and decision control be separated? As part of your discussion, provide a real-world example (or provide a fictitious example) of a firm where the control (correctly) resides with the same individual as well as an example of a firm where the control is (correctly) separated.
Discuss the principal considerations in international management decision-making and control processes, as illustrated in the Chapter...
Discuss the principal considerations in international management decision-making and control processes, as illustrated in the Chapter 11 opening-discussion case, “Global Online Retail: Amazon v. Alibaba.” Please post your Discussion based on the following questions: 1) How might differences in national and corporate culture impede timely decisions and control processes among existing and potential competitors in online retail? 2) To what extent should total quality management and quality control be considered when establishing an online retail presence or contracting with another...
1. The Financial Management Decision Process. What are the three types of financial management decisions? For...
1. The Financial Management Decision Process. What are the three types of financial management decisions? For each type of decision, give an example of a business transaction that would be relevant. 2. Sole Proprietorships and Partnerships. What are the four primary disadvantages to the sole proprietorship and partnership forms of business Page 19organization? What benefits are there to these types of business organization as opposed to the corporate form? 3. Corporations. What is the primary disadvantage of the corporate form...
When a controlled process changes from 3s control to 6s control, it implies the s of...
When a controlled process changes from 3s control to 6s control, it implies the s of the parameter remains the same. the distance between USL-LSL becomes smaller the distance between UCL-LCL becomes smaller the % of reject increases none of the above is true In a simple linear regression analysis, the following sum of squares are produced:    The proportion of the variation in y that is explained by the variation in x is: 20% 80% 25% 50% none of...
43) In the process of preparing a receiving report, the receiving department should perform all of...
43) In the process of preparing a receiving report, the receiving department should perform all of the following tasks except: (2pts) compare the completed receiving report to the information stored in the purchase order master data inspect and approve quality count the quantity received compare the vendor’s packing slip to a copy of the purchase requisition 44) Which of the following data stores is updated for job specifications? (2pts) termination data skills inventory data labor-force planning data payroll data All...
Faulty Attributions Included in our many decision-making errors is the way in which we explain actions...
Faulty Attributions Included in our many decision-making errors is the way in which we explain actions and events around us. Based on our observations, we tend to make decisions about whether another person's actions are internally or externally caused. One model of attributional processes suggests that when we are familiar with a person, we rely on three judgments to make this decision: consistency of the person's action, distinctiveness of that action, and consensus of that action with actions of others....
(3)       A Breakeven Analysis is a powerful management tool, and one that is critical in planning, decision-making,...
(3)       A Breakeven Analysis is a powerful management tool, and one that is critical in planning, decision-making, and expense control. It can be invaluable in determining whether to buy or lease, expand into a new area, build a new plant, and many other such considerations.            T                F (4)       According to the segmentation process, a market segment should be: a.Measurable. b.Differentiable. c.Accessible. d.Substantial. e.ALL OF THE ABOVE. f.NONE OF THE ABOVE. (5)       What specifically is a break-even analysis and...
[1] The basic problem that gives rise to the study of economics is the need to:...
[1] The basic problem that gives rise to the study of economics is the need to: A) control the effects of actions by foreign governments. B) be sure all the goods and services produced in an economy get sold. C) use scarce resources to satisfy people's unlimited material wants and needs. D) control people's tastes and wishes so that the available resources can produce all the goods and services they want. [2] Economics is concerned with: A) earning as much...
1. Use the data that is posted below to answer the following questions. If your answer...
1. Use the data that is posted below to answer the following questions. If your answer has units to it, then please state those units. Production Options Sugar beets (tons) Wheat  (tons) A 200 0 B 180 20 C 140 40 D 80 60 E 0 80 a) Graph Production Possibilities Frontier (Curve) for Sugar Beets and Wheat. Put sugar beets on the vertical axis and label that axis Sugar Beets and put wheat on the horizontal axis and label that...
Suppose your firm would like to earn 10% yearly return from the following two investment projects...
Suppose your firm would like to earn 10% yearly return from the following two investment projects of equal risk. Year (t) Cash flows from Project A (Ct) Cash flows from Project B (Ct) 0 –$8,000 –$8,000 1 $2,000 $4,000 2 $3,000 $2,000 3 $5,000 $2,500 4 $1,000 $2,000 (a) If only one project can be accepted, based on the NPV method which one should it be? Support your answer with calculations. (b) Suppose there is another four-year project (Project C)...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT