A relatively new approach to supporting decision making is called automated decision systems (ADS), sometimes also known as decision automation systems (DAS). Give a definition of an ADS/DAS in simple terms?
What will be an ideal response?
In simple terms, An ADS is a rule-based system that provides a solution, usually in one functional area, to a specific repetitive managerial problem, usually in one industry.
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Ericsson, IKEA, Saab, and other companies based in Sweden have looked beyond their borders for significant growth market because:
A) Sweden has high total annual income. B) Sweden has low total annual income. C) Sweden has a fairly small population. D) Sweden is land locked geographically. E) Sweden has relaxed export policies.
Progressive Insurance examined insurance from the customers' viewpoint and saw how difficult it was to get an auto claim processed and paid by insurance companies. Then the company crafted its service strategy around solving that problem. The company now has fleets of claim adjustors on the road every day, ready to rush to the scene of an accident in their territory and provide fast claims processing-sometimes on the spot. Progressive Insurance relies on ________ service standards.
A. Customer-defined B. Service provider-defined C. Company-defined D. Cost-focused E. Competitor-focused
The average cost method of process costing differs from the FIFO method of process costing in that the average cost method:
a. Requires that ending work in process inventory be stated in terms of equivalent units of production. b. Can be used under any cost-flow assumption. c. Does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production. d. Considers the ending work in process inventory only partially complete.
Which of the following is TRUE of the traditional format of the income statement?
A) It is prepared under the variable costing method. B) It shows contribution margin as a line item. C) It is not allowed under GAAP. D) It is prepared under the absorption costing method.