Question

It has been said that technology will be the end of management. Maybe. How about artificial intelligence? Explain why yes, no, under what considerations.

2.    Let us say, you have $ 100, 000.00. Would you buy gold with it, or use it on starting a business? Explain the logic of your decision.

3. It is said that net cash flow is the same as economic profit. How is it? Explain your logic.

4. Explain the logic of Supply Chain to an organization, and to the economy.

Answer 1

Technology and artificial intelligence both hinder the skills people put in taking decisions as everthing is done in a simple manner. People does not think and just use the available technological methods in doing the work . Everything would be automated and in a calculated manner giving no scope for human brain to understand and analyse the situation and hence management would decline with artificial intelligence and technology . However if used in proper manner it might be helpful in proper management and decision making .

When we have that much amount , it is always advisable to divide what we have . We can set up a business with 70 % of the amount and invest the remaining in buying gold. This way we can have the assurance of atleast one investment and the total investment would not go wasted.

Cash flow and economic profit both calculate the remaining cash after the inflow and outflow calculations of money . While economic profit is for certain period, cash flow would be a day to day calculation of this economic profit. Hence cash flow is also a version of economic profit.

Supply chain helps in proper management of the available team and resources. All the activities can be monitored and controlled and hence it is cost effective and also gives good quality of output. Hence supply chain helps in controlling the economy of the company as well as maintaining proper standards in the organization which is very crucial for it's development.