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Rational decision-making in investment decisions.

In this unit, you explored rational decision-making in investment decisions. For this assignment, you will delve deeper into this concept. To complete this assignment, use the CSU Online Library to select an article related to rational decision-making in investments. Then, summarize and critique the article by applying concepts you learned in the unit. In your critique, be sure to include the information below.

Explain how the rational decision-making process can be applied to investment strategies.
Identify investment strategies for long-term optimal growth.
Explain how fairness and ethics can be applied to investment decisions.
Your article critique must be at least three pages in length. You may use other sources besides your chosen article if necessary, but this is not required. Be sure to format your paper and cite and reference any sources used (including the article) in accordance with APA guidelines.

Textbook:
Bazerman, M. H., & Moore, D. A. (2013). Judgment in managerial decision making (8th ed.) [VitalSource Bookshelf version]. Retrieved from https://online.vitalsource.com/#/books/9781118543139

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Article Critique – Rational Decision-Making

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Introduction

            This article critique essay focused on the article “Transformational, transactional leadership and rational decision making in services providing organizations: Moderating role of knowledge management processes”(Riaz & Khalili, 2014). The purpose of this article was to establish the correlation between transformational, transactional leadership and rational decision in services providing organizations based on moderating role of knowledge management processes. Secondly, this article evaluated the effect of transformational leadership and knowledge management processes on the predication of rational decision-making.

How to apply rational decision-making process to investment strategies

            There is no doubt that decision making is vital undertaking in the managerial activity. Decision making in an organization is general the role of leaders and it involves addressing issues ranging from general routine life in job environment to strategic choices that shapes the progress of the organization(Riaz & Khalili, 2014). It is also imperative to note that the nature of a decision taken by the leadership do not only determine his/her success, but it also determines the direction and the destiny of the organization. According to this article, studies have established that decision making choice differ from individual to individual. However, there is strong evidence suggesting that transformational and transactional leaders make rational decisions.             Further, this article indicated that transformational leaders tend to approach decision making with aim of providing leaders the knowledge vital………………………………………………rational decision-making in investment decisions.…………………………………………………

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Role of costs and prices in decision-making

Elasticity
This unit examined the role of costs and prices in decision-making. For this assignment, you will answer a series of questions in the form of an essay. Support your answers with research from peer-reviewed journal articles (2015-2020 references/sources if possible).
Research elasticity information for two particular goods: one with elastic demand and one with inelastic demand. Using elasticity information you gather, predict changes in demand. The United States Department of Agriculture website has a good resource to help with this.
Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions.
Explain the importance of opportunity costs to decision-making and how opportunity costs lead to a trade.
Evaluate how better business decisions can benefit not just the producer but the consumer and society as a whole. In your evaluation, contrast the deontology and consequentialism approaches to ethics.
Your essay must be at least three pages in length (not counting the title and references pages) and include at least four peer-reviewed resources. Adhere to APA Style when writing your essay, including citations and references for sources used. Be sure to include an introduction. Please note that no abstract is needed. Use costs and prices in decision-making


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costs and prices in decision-making

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Introduction

The issue of consumer demand is measured as an elasticity that is also a relative measure through the provision of useful means of comparison across different aspects of quantities. Price elasticity of demand will also look at the measure of the responsiveness of demand that looks at the change in prices. For example, the ‘own-price elasticity of demand’ calls for a measure regarding the responsiveness of demand for a product when it comes to changes in the price of the related product(Sabatelli, 2016). Also, the percentage change concerning the quantity of a product leads from a 1 percent change regarding its price. For example, when looking at the own-price elasticity of – 0.58 will mean that a 1 percent increase based on the price of apples will decrease the demand for apples by 0.58 percent. A food item is also said to be price inelastic when it is not responsive to price or when its price is higher than -1.0. Also, the food will be said to be price elastic whenthe item is responsive to price, or when its price elasticity will be less than -1.0(Sabatelli, 2016).  Also ‘cross-price elasticity of demand’ looks at the measure of the responsiveness of demand when looking at on product concerning a change in the price of a different or competing product. This means that the percent change concerning the quantity of product as a result of a 1 percent change in the price ofanother product is based on the sign of cross-price elasticity which is also an indication of the product, complements, or substitutes (Andreyeva et al., 2010).

Beef and Pork Elasticity in the United States In the United States, as the prices of beef and pork approached a record high level back in 2014, most analysts were surprised by consumer response. Due to the recent occurrence of the price swings, it calls for the traditional approach regarding the analysis of demand which is based on the historical series of data that could be less useful than is the case typically(Mintert et al., 2001). Based on non-linear demands for meat products, the demand is being more inelastic at higher prices.  The ground beef, steak, and pork chop demands are going to be more sensitive regarding changes in the chicken breast prices and not the opposite. Also, the cross-price elasticity between the disaggregate meat based products will go low as the prices continue to rise (Fibich, 2005). The other aspect to look at is the income of consumers which will significantly affect the interrelationships of demand. Consumers with higher income are likely to choose steak and chicken breast but will be less likely to choose beef or deli ham than a lower-income customer…………………………………………………………………………………………………

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Decision Making Process: Consumer needs and wants are what drive marketers

Decision-making process for Consumer needs and wants(i.e., high involvement versus low involvement)
Motivation and values

Part 1, Decision Making Process: Consumer needs and wants are what drive marketers to succeed in selling their products or services through a variety of methods. Describe the process from consumer need through purchase behavior. Then, discuss how each of the following items impacts the process of decision-making. For each item, support your discussion with a personal example of purchasing a product or service.

The type of decision in the decision-making process (i.e., high involvement versus low involvement)
Motivation and values
The power of attitudes
The type of message
Issues related to purchase and post-purchase activities
The family and culture
Part 2, Cultures and Marketing: Our behavior as consumers is dramatically influenced by our culture. Refer back to the Marketing Pitfalls section 14.6 (Chapter 14).
Find a similar example of an unsuccessful market entry by a global product and provide the details in your paper.
Describe the reason why it was a failure as related to consumer behavior, culture, and/or subculture.
Explain how you would more effectively market the global product in that country.
The Final Project Paper:
Must be eight to ten double-spaced pages in length (not including title and references pages and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style resource
 (Links to an external site.)
.
Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
Must use at least four scholarly sources in addition to the course text.
The Scholarly, Peer Reviewed, and Other Credible Sources
 (Links to an external site.)
 table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper guide
 (Links to an external site. Consumer needs and wants)
.
Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List
 (Links to an external site.)
 resource in the Ashford Writing Center for specifications.
Carefully review the Grading Rubric
 (Links to an external site.)
 for the criteria that will be used to evaluate your assignment.
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Consumer Decision Making Process: Consumer needs and wants

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Consumer Decision Making Process

            Marketers can develop effective marketing strategies if they have a good understanding of the consumer though processes. Although it may not be easy to comprehend, consumers have a decision processes that they employ while making a purchase decision. The development of a good understanding of the process is critical for marketers. The understanding is important in developing a structured thinking and a better understanding of the consumer behavior. The consumer decision process model describes the steps that a consumer or purchaser follows while making their purchase decision.

Part 1: The Decision Making Process

            The purchasing process has been shown to be similar to process of problem solving. According to Verma (2008) customers purchase a product or service when they have a need that they need to satisfy. The purchasing decision has been shown to follow a series of steps, which has been referred as the consumer decision-process model. The consumer decision process consists of the need recognition, information search, pre-purchase evaluation, purchase, consumption, and post-purchase evaluation. The need recognition occurs where the consumer initiates the decision to make a purchase. This could occur due to perceived discrepancy between the current and desired states. For example, a desire to buy new mobile device in order to access more content that cannot be accessed by an old model. The recognition of the need is followed by the search for information about the available alternatives. According to Hoffman & Bateson (2010) the search can be internal or external. The collected information can be obtained from personal and non-personal…

Consumer needs and wants………………………………………………………………………………………………

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Six Basic Steps to Decision Making


Research, analyze and interpret the six basic steps to organizational decision making and describe each one and its importance.
The requirements below must be met for your paper to be accepted and graded:
    Write between 750 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below.    Use font size 12 and 1” margins.    Include cover page and reference page.    At least 80% of your paper must be original content/writing.    No more than 20% of your content/information may come from references.    Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.    Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.

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Business: Six Basic Steps to Decision Making

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Organizational Decision Making

            Organizational decision-making is a process that occurs daily in organization, which employees go throughout their work experiences. No matter the importance that a particular decision being made possess, it will influence negatively or positively on the organization and its customers (Daft & Marcic, 2010). The paper will analyze and interpret the six steps of the organizational decision making, as well as giving the significance of each step.

The Six Steps to Organizational Decision Making According to (Daft, Kndrick, Vershinina, & Kendrick, 2010, 2010, p. 322), six major steps are necessary for an effective decision to be made. The authors point that the first step in the managerial decision making process is the definition…………………………………….……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….

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Addiction is a chronic relapsing disorder, thereby making the prevention of relapse one of the critical elements of effective treatment for alcohol and other drug (AOD) abuse

Introduction

“Addiction is a chronic relapsing disorder, thereby making the prevention of relapse one of the critical elements of effective treatment for alcohol and other drug (AOD) abuse” (U.S. Department of Health and Human Services, 1994).

It is important for addiction counselors to understand the necessity of planning appropriate treatment and relapse prevention to provide addicts with a successful path to recovery.

This week, you will analyze relapse prevention treatment, as well as the risks of relapse. You will also apply relevant knowledge to develop a treatment plan.

Required Resources

Readings

  • U.S. Department of Health and Human Services. (1994). Treatment for alcohol and other drug abuse: Opportunities for coordination. Technical Assistance Publication (TAP) Series 11. Retrieved from http://162.99.3.213/products/manuals/taps/11.htm
  • Holleran, L. K., Taylor-Seehafer, M. A., Porneroy, E. C., & Neff, J. (2005). Substance abuse prevention for high-risk youth: Exploring culture and alcohol and drug use. Alcoholism Treatment Quarterly, 23(2/3), 165–184.
  • Perkinson, R. R. (2002). Chemical dependency counseling: A practical guide (2nd ed.). Thousand Oaks, CA: Sage Publications. (pp. 67–78)
    Chemical Dependency Counseling: A Practical Guide, 2nd Edition by Perkinson, R.R. Copyright 2001 by Sage Publications, Inc. Reprinted by permission of Sage Publications, Inc. via the Copyright Clearance Center.
  • Document:Treatment Plan Template (Word document)
  • Document: Missouri Department of Social Services (2010). Sample treatment plan. Retrieved from http://dss.mo.gov/mhd/cs/psych/pdf/trxplan_sample.pdf

Media

  • Laureate Education, Inc. (Executive Producer). (2012). In their own words. Baltimore, MD: Author.

    Note: The approximate length of this media piece is 23 minutes.

    Review this media from Week 2. The addicts discuss topics including addiction, relapse, and recovery.

Relapse and Recovery

This week’s Learning Resources explore the contributing factors to relapse, principles, and procedures of relapse prevention, and the ways in which culture and diversity may affect relapse and recovery behaviors. Think about how the addiction treatment models you have explored complement the principles and procedures of relapse prevention. Also, consider how the addiction treatment models effectively manage the contributing factors to relapse.

To prepare for this Discussion, proceed as follows:

  • Reflect on the video program In their own words, and consider the issues the addicts discuss, including addiction, relapse, and recovery.
  • Then, review the article “Treatment for Alcohol and Other Drug Abuse: Opportunities for Coordination,” and think about the contributing factors to relapse, as well as principles and procedures of relapse as outlined in the article. 
  • Next, based on the “Substance Abuse Prevention for High-Risk Youth: Exploring Culture and Alcohol and Drug Use” article, consider the multicultural and diversity issues that might affect relapse.  
  • Finally, select at least one additional resource that explores the relationship between culture and addiction relapse.

Postby Day 4 your response to the following:

Does an addict ever recover? Provide an informed argument to support your perspective. Include in your response factors that may affect relapse, including multicultural and diversity issues. Be sure to support your postings and responses with specific references to the Learning Resources.

…………………………………………………………………………………………………

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Psychology: Relapse and Recovery

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Does an Addict Ever Recover?

An addict is said to have recovered fully if there is total substance abuse abstinence. However, most substance abuse addicts suffer from relapse, making relapse treatment a premise for effective recovery (U.S. Department of Health and Human Services, 1994). Although it is hard for addicts to attain full recover, addicts can fully recover upon effective relapse management. Addiction recovery is a lifelong process that requires effective management of relapse to attain full abstinence.           According to (U.S. Department of Health and Human Services, 1994), most addicts who complete their treatment often experience relapse. An addict who abstains from substance abuse for several years does not mean they are fully recovered. According to the author, about a third of addicts attain complete abstinence on their first attempt to recovery, another third experience brief relapses that lead to long-term abstinence and the final third have chronic relapses upon their attempts to treatment. The author consents that…………………………………………………………………………………………………………………………………………………………………………………………………………………………….

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Organization Project – 2: Managerial Decision Making

Research Apple Inc. Find a minimum of one library source, which will support your thesis in this assignment. Review your assigned weekly lecture and text reading. Select from this reading 3-5 key concepts, which will also support your thesis. In a two to three page paper, address the questions below. Your paper should follow APA format including a title and reference page. The two to three page paper length requirement does NOT include the title page and reference page. Refer to your classroom area titled South University Policies and Guideline. Using APA Standards in Your Coursework to ensure you are following the correct format.

Describe some of the key decisions its management has faced within the past year or two. Identify an ethical issue the organization either faces or has faced in the past. If it has not been resolved, provide an analysis of how the issue should be addressed. If it has been resolved, critique how the organization resolved this issue based on the materials you have reviewed on ethical decision making.

Submit your report to the W2: Assignment 2 Dropbox by Tuesday, July 7, 2015.
Assignment 2 Grading Criteria
Maximum Points
Submitted a two to three page research paper that included one library source and provided 3-5 key course concepts to support work.
10
Described some of the key decisions its management has faced within the past year or two.
15
Identified an ethical issue the organization either faces or has faced in the past.
15
Wrote in a clear, concise, and organized manner: demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation.
10
Total:
50

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Management: Managerial Decision Making

(Course Instructor)

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July 6th 2015.

Apple Inc. Managerial and Ethical Decisions

Introduction

            The Apple Inc. company is one of the most successful electronics companies that manufacture mobile devices and computers (Laham & Huth, 2011). Co-founded by Steve Jobs and Steve Wozniak, the company has seen its share price rise from just 3.30 US dollars in 1997 to well above 339 US dollars by 2011. Such a remarkable turnaround in the company’s performance has been credited to key managerial decisions that completely changed the operations in the company having initially faced many challenges. However, there remain major issues in the company’s ethical perspectives that need to be addressed.

 Major Managerial Decisions by Apple Inc. in the Past Two Years

            The Apple Inc. has been struggling with dwindling sales of its products in the market in the year 2012 (Yglesias, 2013). Most of the causes of the loss in sales are stiff competition from other major application software developers like Samsung and the changes in the company’s marketing model. In a move to reverse the sales trends, Apple Incl. decided to recall its old CEO, a bold managerial decision. In 2013, the company’s new CEO had introduced the discounts that had been removed and positive sales trends were achieved. Only few companies would go back to their former employers in order to turn around company’s performance as the case of Apple Inc. marketing.           The hiring of Apple’s new CEO Tim Cook brought up many changes and decisions concerning the company’s operations. The business catastrophe brought by Ron Johnson at J.C. Penney, meant the new CEO had to make a decision in order to save the company’s largest outlet (Yglesias, 2013). Mr. Cook hired John Browett, CEO of TESCO………………..

…………………………Managerial Decision Making………………………………………………………………………….

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What are the various aspects of decision making that are important to understand when developing effective decision support systems?

 analytics and the Support of Decision MakingOverview

Focusing on the analytics, decision support systems (DSS), and business intelligence (BI) frameworks and how BI and DDS support key issues of managerial decision making, assess aspects of decision making that are important to understand in order to develop effective computer support for decisions makers.

Instructions

Write a 3–5 page paper that summarizes your conclusions. Address the following questions in your paper:

  • What are the various aspects of decision making that are important to understand when developing effective decision support systems?
  • What are some examples of application areas for analytics that support decision-makers?
  • What are the challenges and considerations, both technological and organizational, that need to be addressed when adopting business intelligence initiatives?
  • How does the introduction of analytics and business intelligence initiatives affect users, and how does it influence decision making at different levels of an organization?

In your paper be sure to address the major frameworks of computerized decision support in analytics, decision support systems (DSS), and business intelligence and how those frameworks support key issues of managerial decision making with the use and applications of business analytics.

As you complete your assignment, be sure your paper meets the following guidelines:

  • Written communication: Written communication is free of errors that detract from the overall message.
  • Scholarship: Use at least 5 professionally reputable sources to support your main points and analysis. Be sure to include scholarly sources. Course readings may be included among the 5 required sources.
  • APA formatting: All resources and citations should be formatted according to current APA style and formatting guidelines.
  • Length: 4–5 typed, double-spaced pages.
  • Font and font size: Times New Roman, 12 point.

Resources

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Foundations and Technologies for Decision Making

Readings

Use your textbook and the Capella library to complete the following:

  • In your Business Intelligence and Analytics: Systems for Decision Support text, read the following sections in Chapter 2, “Foundations and Technologies for Decision Making.” These readings provide an overview of how decisions are supported and the capabilities of DSS. The components of DSS are discussed along with DSS classifications.
    • “How Decisions Are Supported,” pages 56–59.
    • “Decision Support Systems: Capabilities,” pages 59–61.
    • “DSS Classifications,” pages 61–64.
    • “Components of Decision Support Systems,” pages 64–73.
  • Read Obeidat, North, Richardson, Rattanak, and North’s 2015 article, “Business Intelligence Technology, Applications, and Trends,” in International Management Review, volume 11, issue 2, pages 47–56.
    • This reading can be used to support this week’s written assignment. The article discusses business intelligence technology, applications, and trends, with a focus on practical applications and features of business intelligence.


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Ethical decision-making framework of the Moral-Based Reasoning Model

 Using the ethical decision-making framework of the Moral-Based Reasoning Model for the case study provided. How does each component of the framework was put into action to resolve the dilemma in the case study. What is the resolution in the case study?

The components of the Moral-Based Reasoning Model is consist of:

1. Recognize the moral issue and determine that action is needed.

2. Determine the level of involvement.

3. What is the effect of the decision on others?

4. Act (what is the resolution)

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Effective clinical decision-making is fundamental to competent nursing practice and the provision of safe, high quality care.

ASSESSMENT 1 – STRUCTURED ESSAY
Word Count: 1200 words. Weighting 30%
Rationale:
Effective clinical decision-making is fundamental to competent nursing practice and the provision of safe, high quality care. It is essential that nurses are competent in patient assessment, and the appropriate use of health information technologies, to ensure accuracy of assessments, recognise patient deterioration, and to make appropriate clinical decisions to ensure patient safety and prevent adverse events (Dalton, Harrison, Malin & Leavey, 2018; Razieh, Somayeh & Fariba 2018).
Aim:
The aim of this assessment task is for students to demonstrate understanding of factors that influence clinical decision-making in a nursing context, and the potential impact of health technologies on the quality of patient health assessment and thus quality of clinical decisions.
TASK DESCRIPTION:
For this task you need to write a 1200-word structured essay. There are TWO parts to this essay detailed below:
PART A:
(400 words) Multiple factors influence clinical decision-making for nurses.
For this part:
• Describe one key factor that influences clinical decision making in the context of your work environment, and discuss how this influences nursing clinical-decision making.
PART B:
(800 words) In healthcare, a range of Health Information Technologies are used to support patient safety and quality of care.
For this part:
• Identify and discuss at least one technology (technological devices / equipment / processes) commonly used by nurses in relation to patient assessment and care.
• Discuss the potential impact (positive / negative) in relation to quality of clinical patient assessment and nursing clinical decisions.