Focusing failures result in moments where we ask ourselves, "How could I have missed that?" According to Bazerman and Chugh, this phenomenon is known as:
A. inattentional blindness.
B. normative myopia.
C. change blindness.
D. descriptive ignorance.
Answer: A
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Martha Company had 21,000 units of ending inventory that were recorded at the cost of $7.00 per unit using the FIFO method. The current replacement cost is $4.25 per unit. Which of the following amounts would be reported as ending Merchandise Inventory on the balance sheet using the lower-of-cost-or-market rule?
A) $147,000 B) $236,250 C) $168,000 D) $89,250
Psychological resistance and sociological resistance are ________.
A. not illogical B. logical according to different sets of values C. not irrational D. all of these
The Miranda decision requires that a criminal suspect be notified of the following except:
A) The right of the suspect to remain silent. B) The right to a trial by jury. C) The right to have a lawyer present during interrogation. D) The right to have an attorney appointed if the suspect cannot afford one. E) The fact that anything the suspect says may be used against the suspect.
On average, how much time will the customer spend in line waiting to be served?
The local grocery store consists of two cashiers. The customers arrive at the checkout according to the Poisson distribution and the service times are based on negative exponential distribution. The average customer service time is 4 minutes and the average time between the arrivals of successive customers is 3 minutes. Assume that customers equally divide themselves between the two cashiers.