An uncertain future event affecting the consequence, or payoff, associated with a decision is known as
A. decision alternative.
B. payoff node.
C. chance event.
D. uncertain probability.
Answer: C
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Some firms attempt to maximize the amount of restructuring charge in a particular year, analysts refer to this as the _________________________ approach
Fill in the blank(s) with correct word
Historically, internal service desks have been _______ centers, in which budget items required to run the service desk are considered an expense to the company.
Fill in the blank(s) with the appropriate word(s).
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs:
Workin Process Balance on 3/1Job 33 $ 6,000Job 34 3,600$ 9,600Source documents revealed the following during March: Materials Requisitions Forms Labor TimeTickets Status of Job at Month-EndJob 33 $ 2,800 $ 5,900 Completed and soldJob 34 2,300 4,000 Completed, but not soldJob 35 3,600 3,800 In processIndirect 800 2,000 $ 9,500 $ 15,700 The company applies overhead to products at a rate of 55 percent of direct labor cost.Required:Prepare journal entries to record the materials requisitions, labor costs, and applied overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)1Record the issuance of raw materials to production.2Record Oak Creek Furniture Factory’s payroll costs.
Doing things more cheaply, quickly, and efficiently through the routinization, standardization, and formalization of what is already known and done is referred to as __________________.
a. Imitation of knowledge b. Exploration of knowledge c. Exploitation of knowledge d. Formalization of knowledge