Rules of thumb that managers use to simplify decision making are known as ________.
A. heuristics
B. folksonomies
C. algorithms
D. sophisms
Answer: A
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Compared to convenience products, shopping products are:
a. sold through aggressive personal selling and highly persuasive advertising. b. usually more expensive and are found in fewer stores. c. purchased without significant planning. d. available everywhere, including department stores, gas stations, and vending machines.
Under variable costing, only costs that change in total with changes in production levels are included in product costs.
Answer the following statement true (T) or false (F)
Suppose a capital budgeting project generates its largest cash flows in the early years of its life(i.e., up front) rather than near the end of its life. In this situation. Which of the following statements about the project must be correct?
A. The project's traditional payback period will be greater than the years expected to recover the original investment. B. The net present value of the project is not as sensitive to changes in the firm's required rate of return as the net present value of a project that generates large cash flows later in its life. C. The required rate of return of the project must be revised throughout its life. D. The net present value of the project must be negative. E. The project will have multiple internal rates of return.
Negotiation traditionally involves just the parties to a dispute without their attorneys.
Answer the following statement true (T) or false (F)