When Noah does well at golf, he credits his focus and tenacity. When Noah scores poorly, he usually blames his caddy for poor advice. Noah is likely guilty of which of the following errors?
A. halo effect
B. self-serving bias
C. fundamental attribution error
D. recency effect
B. self-serving bias
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An outstanding check is a check that:
a. Has been presented to the bank for payment but has not been reported on the bank statement b. Has been written by the account holder but has not been presented to the bank for payment c. Is guaranteed for payment by the bank d. Has been written for an amount that is greater than the balance in the account holder's bank account
Answer the following statements true (T) or false (F)
1. The process of fitting the organization to its environment is called incidental design. 2. The founder of McDonald's, Ray Kroc, intended that a Big Mac should taste the same anywhere, and accordingly, the company has many specific procedures, making it a mechanistic organization. 3. Companies that must respond to fast-changing customer tastes often favor a mechanistic structure to an organic one. 4. Lawrence and Lorsch's term for the tendency of an organization's parts to disperse and fragment is dissolution.
A potential investor can easily ascertain market value of common equity for a given publicly traded firm by looking up the most recent share price (as reported in various online services) and then multiplying this share price times the number of common shares outstanding, as reported on the balance sheet
Indicate whether the statement is true or false
A production report is divided into two sections
A) work in process and completed goods B) a unit information section and a cost information section C) finished good and cost of goods sold D) goods produced and goods in process