"We have 125 qualified candidates for the quarterly training program but only 25 slots," said Bill Robbins, production manager. "In that case, randomly select 25, and we will train the other candidates later this year during the next rounds of training," said Jill Stern, division manager. By selecting the first 25 qualified candidates at random rather than examining each candidate's file to determine if more qualified candidates should be selected first, the managers are engaging in
A. optimizing.
B. satisficing.
C. ignoring.
D. favoring.
E. maximizing.
Answer: B
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In general, adjustments to customer balances in the accounts receivable master data will be necessary for all of the following except:
a. sales returns and allowances b. reversals of mispostings and other errors c. bad debt write-offs d. estimates of uncollectible accounts
Tennessee Corporation is analyzing a capital expenditure that will involve a cash outlay of $104,904. Estimated cash flows are expected to be $36,000 annually for four years. The present value factors for an annuity of $1 for 4 years at interest of 10%, 12%, 14%, and 15% are 3.170, 3.037, 2.914, and 2.855, respectively. The internal rate of return for this investment is:
A) 2% B) 2.4% C) 14% D) 3%
Assume that the custodian of a $450 petty cash fund has $62 in coins and currency plus $383 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
A. A debit to Petty Cash for $383. B. A debit to Cash for $378. C. A credit to Cash for $383. D. A debit to Cash Over and Short for $5. E. A credit to Cash Over and Short for $5.
________ is the quality level desired by the consumer
Fill in the blanks with correct word