Business decision making question paper Term Example | Topics and Well Written Essays - 1750 words

Business decision making question - Term Paper Example The Principal-agent relationship refers to a contractual or non contractual relationship between two persons or parties (principle and an agent) whereby the principle authorise the agent to act on his or her behalf to establish a legal relationship with the third party. An agent may make non-optimal solution (irrational decision) to a problem facing him or her especially when undertaking tasks that are useful to the principle but costly to him or her. If the cost of running the project is higher on the side of the agent, the principle may undertake to compensate the agent by paying him or her more benefits or supervise the agent more keenly to protect project’s interests from those of the agent. Thus promote a more rational decision making approach. Satisficer is a person who seeks a satisfactory solution as compared to the optimal (rational) solution. This kind of a solution is arrived at when it becomes too costly or when resources are not adequate to arrive at an optimal solution. Therefore, the decision maker tries to select solutions that meet a specific need or solutions that seems to address most of his or her needs. For example, there is a task for sewing a patch onto a military uniform. The best needle to do the sewing is a four and half (4.5) inch long needle with a three (3) millimetre eye. However, the correct needle is hidden in a hay stack along with 2000 needles of different sizes. It will be extremely hard, waste of energy and time to find the exact needle. Therefore, a satisfying solution is to pick the first needle that can sew the patch. Tricky Dicky Enterprises is considering the possibility of expanding its factory premises. Local elections will soon take place and the firm assume that pay-offs will vary as follows depending on the outcome of the election: Assume that the probability of Party A winning the

The 3rd part of the Tyler Model concerns Organization Research Paper

The 3rd part of the Tyler Model concerns Organization - Research Paper Example Attaining a given objective needs a proper sequence of events before getting to the milestone and every part or section has particulars which need to be achieved. The Maryland school curriculum has a disciplinary literacy framework that cuts across the different disciplines within. The core issue of having a good framework is to ensure that students achieve world class education. The framework provides a direction to educators on what they need to do to facilitate the various units and lessons. Maryland is not a one party school and involves many stakeholders who must all comply with the core standard to ensure high performance within the institution. There are different grades within Maryland and students should know and be able to perform in the different disciplines. On this let’s look at the social study, science and technical subjects grades 6-12 on the standards applied by Maryland school. The core framework is to prepare students ahead as they enter into college of what challenges lie ahead, thus preparing them for excellence. It is essential for students to understand their literacy development isn’t achieved in a day but rather discipline and a sense of responsibility must be instilled. There is the division for instructions that provide essential skills to students. A framework for obtaining, analyzing, evaluating rich data and presenting credible conclusions in argumentations and explanations encourages research in the institution. Career preparation is important to students and there is a framework for defining literacy expectations for every student required for graduation.It is good to note that based on various units the organization may be differ a little bit but the core standard framework is similar to the whole school so as to ensure standard evaluation across all levels. Teachers in Maryland are encouraged to form daily instructions on their particular subjects in each day;