full required instruction question 1 🙁 1 mark B u s i n e s s F i n a n c e
refer to attached assignment for full required instruction
Suppose you are a member of a group
asked to find ways to cut costs throughout your organization for the upcoming
year. Sales have fallen sharply, and the company is in danger of going out of
business. After gathering information, your group concludes that the company
will save the most money by freezing pay for a year, despite a tradition of
annual salary increases. How can you make sure this is a fair decision? How can
you make sure that others in the organization will see it as a fair decision?
Care, a health consultancy company
in Saudi Arabia, is studying the economic benefits of a program of preventative
COVID-19 flu vaccinations. Care has to give advice to government for COVID-19
vaccination.If vaccinations are not
introduced then the estimated cost to the government if flu strikes in the next
year is SR.70m with probability 0.1, SR.100m with probability 0.3 and SR.150m
with probability 0.6. It is estimated that such a program will cost SR.70m and
that the probability of flu striking in the next year is 0.75.
One alternative open to the
committee is to institute an “early-warning” monitoring scheme
(costing SR.30m) which will enable it to detect an outbreak of flu early and
hence institute a rush vaccination program (costing SR.100m because of the need
to vaccinate quickly before the outbreak spreads).
- As a consultant of Care, Develop a decision tree for
alternatives and make recommendation to Indian government that which
alternative can maximize expected economic benefits?
Decision support tools rely on
objective, mathematical data. What part does ethics play in using decision
If you collect too much information
for analyzing a decision, you can suffer from analysis paralysis, where you
spend too much time thinking about a decision rather than making one. Recall a
major financial decision you made recently, such as of a car or housing
purchase or rental. Describe your process for making the decision. How could
analysis paralysis have affected this process?