answersLogoWhite

0


Best Answer

The four criteria managers use are:

Legality

Economic feasibility

Practicality

Ethicalness

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the four criteria managers should consider in evaluating alternative courses of action?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

When evaluating the operating efficiency of a firm's managers What ratio would you look at?

When evaluating the operating efficiency of a firm's managers, you would look at the Asset Evaluation Ratio.


Outline things that bank managers consider before giving out loans?

things that banks consider before giving out loans


What factors might organisations consider when choosing between different sources of finance?

When considering financing, managers may consider the payback period and the interest rate. They will also consider how the debt will affect their cash flow.


What decision criteria should managers use in selecting projects when there is not enough capital to invest in all available positive NPV projects?

Profitability index criteria can be used to select projects when a capital rationing situation exists, with the highest profititibility index from specified projects being the goal.


Why budget is prepared?

Budget helps to aid the planning of actual operations by forcing managers to consider how the conditions might change and what steps should be taken now and by encouraging managers to consider problems before they arise. It also helps co-ordinate the activities of the organization by compelling managers to examine relationships between their own operation and those of other departments. Other essentials of budget include:To control resourcesTo communicate plans to various responsibility center managers.To motivate managers to strive to achieve budget goals.To evaluate the performance of managersTo provide visibility into the company's performance

Related questions

When evaluating the operating efficiency of a firm's managers What ratio would you look at?

When evaluating the operating efficiency of a firm's managers, you would look at the Asset Evaluation Ratio.


Evaluating and providing guidance to managers of a business to improve working conditions and productivity is known as what?

Consulting


Who is responsible for assisting commanders and functional managers in identifying evaluating and classifying all confined spaces?

Installation Bioenvironmental Engineering (BE)


What criteria will guide your decision process as you consider your next opportunity?

The best way to make a decision is by performing a loss-profit analysis. Managers and economists know to choose that option which tends to maximize their profit or minimize their loss, relative to the other choices.


How hard-driving do your most recent managers or teachers consider you to be?

average


Is the law the only guide that business managers need to consider?

tae


Outline things that bank managers consider before giving out loans?

things that banks consider before giving out loans


Why do managers consider direct costs to be more accurate then indirect costs?

Answer this question...why do managers cosider direct costs to be more accurate than indirect costs?


What does business direction involve?

Managers direct the work of the business by applying leadership and management skills. They model desired behavior while supervising, motivating, and evaluating their employees.


What are the importance of cost accounting?

Cost accounting is generally used by managers of a company to help them make decisions.Cost accounting is regarded as the process of collecting, analysing, summarizing and evaluating various alternative courses of action involving costs and advising the management on the most appropriate course of action based on the cost efficiency and capability of the management.The lower the cost the higher the retained earnings, the better a company is doing. Managers can use this information when hiring/firing, expanding, or even reducing their business.


What percentages of your managers have been ineffective?

Recent studies have been conducted that show that most managers are ineffective. The study defined effectiveness as "decisive and purposeful action". Only 10% fit the criteria, leaving 90% to be considered ineffective.


What element should marketing managers consider when scanning the competitive environment?

Supply Chain Management