Unit 4 Discussion: Probability in Managerial Decision-Making (MAT220 Statistics I)
After reading the example above where one can see how probability values can be used in managerial decision-making to establish a product guarantee, post a comment where you think probability could be used to help solve other management-type questions/problems. Think of something at work, past or present, where you could apply the techniques in the example to assist in making the best decision. If you can’t draw on life experience, then think of a product/issue where this process could be applied.
Please explain your answer. Remember to cite your resources and use your own words in your explanation.
Chapter 23 Discussion (BUS2123 Principles of Accounting II)
Top of Form
1. Define standard costs and explain how standard cost information is useful for management by exception.
2. Describe variances and what they reveal about performance.
Unit 4 Discussion: Compare & Contrast Models of Service Delivery (HSV101 Introduction to Human Services)
Select a social problem (i.e.: addiction, homelessness, suicide, etc.) and choose the Service Delivery model (the medical model, the public health model, or the human services model) you see as the best fit to address your selected social problem.
Unit 4 DB: Liebeck v. McDonalds (The “Hot Coffee” Case) (LAW204 Business Law)
Review the resources regarding the Liebeck v. McDonald’s case. Think about what you learned about torts in this unit. If you were a member of the jury, would you have decided for Liebeck or for McDonald’s? Be sure to support your position with citation to authority and the elements of negligence. Links to Case https://www.caoc.org/?pg=facts https://www.huffpost.com/entry/the-mcdonalds-coffee-case_b_14002362
Regardless of whether you are an attorney arguing in court or a business stakeholder pitching to shareholders or a potential client, adding support for your argument from appropriate resources strengthens your content. For this discussion board, be sure to include a citation to an appropriate source that supports the point you are making. (HINT: Your textbook is a great source!)
Unit 4 DB: Managing (ACC215 Spreadsheet & General Ledger Software)
How does QB aid in managing customers and outstanding receivables?