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Homework answers / question archive / 1) To calculate real GDP, we Multiple Choice a

1) To calculate real GDP, we Multiple Choice a

Economics

1)

To calculate real GDP, we

Multiple Choice

  • a.Measure in the prices of goods and services of that period.

  • b.Estimate future prices of goods and services.

  • c.Adjust the market value of goods and services for changing prices.

  • d.None of the choices are correct.

2)To provide you with an opportunity to make decisions in accordance with organisational guidelines and procedures and to ensure decisions taken are consistent with organisational objectives, values, and standards. 1. Explain your organisation's guidelines and procedures for making decisions to resolve business issues. 2. How does your business ensure that decisions are consistent with organisational objectives, values, and standards? You may answer in reference to an identified problem and resolution if you wish Provide an example from your workplace.

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1)c) Adjust the market value of goods and services for changing prices.

(To avoid double counting in gdp, the value of production of intermediate goods are not considered)

2)

In organisation there are problems to bi solve the decision are taken at very short time in the starting the new organisation make policies and procedures on which all the activities are performed to achieve a organisation gol there must be proper coordination between the employees if there are some problems or conflict in the organisation that top management will take decision to solve them with proper analysing but it it it is done at internal basis because not all problems have solution like rational approach in the decision of problem solving it contains guidelines and the form has to practice on them.

types of decision making

problem solving and decision making are same because for solving a problem that this season are taken you cannot solve a problem without decision making some people use systematic rational approach other one more initiative they follow emotions and gut feeling about the rich approach they have creative approach to to solve problem.

There are some steps involve in problem solving

1 identify the problem

The first step of problem solving is to identify the problem where the problem is arising in the organisation first step is to find out the problem in the organisation and select them

2 search for alternative

The second step involved in problem solving that that the problem is identified have some alternative if there is no need to decision making then the problem is solved by emotions and gut feeling but if it is mejor then the organisation will frame some guidelines and procedure to solve them.

3 weigh a correct alternative

Then the correct alternative is analysed and and the organisation work on it and see the the effect of that alternative in the organisation.

4 make a choice

In third step the choices were selected among various alternative but the organisation can select only one choice among them so the best alternative is chosen for solving the the problem of organisation effectively

5 implement the choice

After choosing the best alternative the strategy and the framework is implemented in the organisation with full efforts and hope of solving problem.

6 evaluate the result and the necessary start the process again

After implementing the best alternative the organisation work on it and at last the the result it is compared with the target set.

Answer2

An organisation all the decisions are make for or achieving the common objective or goal so if any decision is is taken in the organisation it is the the responsibility of top level management to check the the performance of that decision and compare it with the actual standard plan so for this the organisation has to compare the actual performance of the organisation with the target objective

Measuring the value of Performance is a vital part of ascertaing the value The value of the employee and the management activity

The purpose of evaluating alternatives is to help the Planning Committee make

sound decisions about which management strategies they will advocate in the
resource plan. Alternatives are evaluated to determine their effectiveness in
addressing the concerns, taking advantage of oportunities, and meeting objectives
in the planning area.
Evaluating alternatives is Step 6 of Phase Two in the Resource Planning Process.
After alternatives or strategies have been identified, the Planning Committee and
Technical Advisory Committee evaluate the acceptability of the alternatives. A
facilitator is used during this step, and technical advisors are available to provide
information and answer questions.
Evaluate alternatives by examining the benefits and drawbacks of each alternative.
During the evaluation of alternatives, careful consideration is given to social,
economic, and ecological factors that influence the predicted outcome. Encourage
discussion and use visual aids to help explain alternatives. Technical advisors can
prepare technical specifications and a short concise narrative for each alternative.
For each alternative include costs, and positive and negative benefits.
The Planning Committee considers the effects and the impactsof each alterna-
tive. The alternatives are compared to benchmark conditions to evaluate their
ability to solve problems, meet quality criteria and meet the Planning Committees
objectives. Technical advisors can help the committee evaluate the effects of each
alternative and describe the impacts. The effects are outcomes or results of the
management strategy. Impacts are the differences between initial conditions and
the effects of the alternatives.