Gather information. Do some preliminary research on the decision and add 3-5 relevant facts to your document. Include information about alternatives to consider. Recommended: Get help from a librarian. Include sources as footnotes (see how to make footnotes in Word and in Google Docs).Identify at least five stakeholders. Who is affected by your decision? Be complete. It probably affects more people (and animals and plants) than you think.Set Up Your Decision as an Optimization Problem: What is (are) your decision variables (choices), constraints (must haves/must not haves), and objective function (things to maximize or minimize, i.e., how you define success)? (Review Module 07 and 08)Example: DV = career choice; Constraints = minimum salary; maximum hours per week to work; maximum danger; Objective Function: maximize contribution to society e. Generate at least three alternatives for your decision variable(s)Example: Career choice = {astronaut, firefighter, community college professor}MAKE ONE ABOUT ME BEING A ACCOUNTANT

A methodical approach is necessary when deciding on a profession in accounting. Start by conducting…

Answered: Gather information. Do some preliminary…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Question

1. Gather information. Do some preliminary research on the decision and add 3-5 relevant facts to your document. Include information about alternatives to consider. Recommended: Get help from a librarian. Include sources as footnotes (see how to make footnotes in Word and in Google Docs).
2. Identify at least five stakeholders. Who is affected by your decision? Be complete. It probably affects more people (and animals and plants) than you think.
3. Set Up Your Decision as an Optimization Problem: What is (are) your decision variables (choices), constraints (must haves/must not haves), and objective function (things to maximize or minimize, i.e., how you define success)? (Review Module 07 and 08)

Example: DV = career choice; Constraints = minimum salary; maximum hours per week to work; maximum danger; Objective Function: maximize contribution to society

e. Generate at least three alternatives for your decision variable(s)

Example: Career choice = {astronaut, firefighter, community college professor}

MAKE ONE ABOUT ME BEING A ACCOUNTANT

Expert Solution