Problem solving
DECISION MAKING
One thing all managers do, regardless of their place in the organizational hierarchy, is to make decisions. These decisions...
Business Statistics
Statistics are a way of measuring the size, activity, and characteristics of a population or sample. They can be...
Forecasting
Forecasting is the process of creating a forecast by using statistical methods and models to analyze current trends and...
FINANCIAL RATIO ANALYSIS 3
In my last post, we already started the discussion on Activity ratio and we discussed average collection period already....
The Application of Behavioral Science in Decision Making
Behavioral Science has changed the way managers approach questions of human behavior, by going beyond asking what the logical...
IDENTIFYING TRAPS IN DECISION MAKING
As managers we make lots of decisions, most times, that is the core of our job function. These decisions...
DATA
Data has become important in our everyday lives. The decisions we make, no matter how small, are a result...
Working with Numbers
There are many types of numbers, but all numbers can be put into one of two categories: real numbers...
Naira, Inflation and the Dollar
Will one Nigerian dollar ever equal one American dollar again? What is the fate of the naira in another...
ADJUSTING ENTRIES PART II
As a recap, we explained yesterday that after recoding and posting of transactions into various accounts, there may be...
