For example, if the situation was around investment, the benefits would include “return-on-investment (ROI)” as a parameter. Instead, if the situation was around implementing a new initiative, the benefits could include profit, market share, and customer satisfaction as some parameters. Let us look at some commonly seen decision frameworks and understand how they work. Multi-Criteria […]

However, it doesn’t consider personal factors for the decision-maker, the questions may not be precise enough for some situations and it may not work as well for larger groups. Your answers to the questions then guide you toward one of five decision-making processes to use. Options range from making the decision based on what you […]

Unfortunately, the only available data is the level of activity (number of guests) in a given month and the total costs incurred in each month. Being a new hire at the company, the manager assigns you the task of anticipating the costs that would be incurred in the following month (September). High low method uses […]

(i) Remuneration for employment, unless such remuneration is specifically excepted under section 3121(a) or paragraph (j) of this section, constitutes wages even though at the time paid the relationship of employer and employee no longer exists between the person in whose employ the services were performed and the individual who performed them. “(B) Excess advance […]