An intersection or junction point of a decision tree is called a(n)
a. node.
b. stem.
c. intercept.
d. branch.
a
RATIONALE: An intersection or junction point of a decision tree is called a node.
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The typical risks of a differentiation strategy do NOT include which of the following?
A. Customers may find the price differential between the low-cost product and the differentiated product too large. B. Customers' experience with other products may narrow customers' perception of the value of a product's differentiated features. C. Counterfeit goods are widely available and acceptable to customers. D. Suppliers of raw materials erode the firm's profit margin with price increases.
The key to ethical communication lies in the motives of the sender
Indicate whether the statement is true or false
Bohon Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials1.0pounds$5.50per pound$5.50During the year, the company completed the following transactions concerning direct materials:a. Purchased 19,700 pounds of raw material at a price of $4.70 per pound.b. Used 18,500 pounds of the raw material to produce 18,400 units of work in process.The company calculated the following direct materials
variances for the year: Materials price variance$15,760FMaterials quantity variance$550U Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,030,000$53,350$0$88,880$737,900=a.?????=b.?????=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$1,910,130a.???????b.???????When recording the raw materials used in production in transaction (b) above, the Raw Materials inventory account will increase (decrease) by: A. $86,950 B. $101,750 C. ($101,750) D. ($86,950)
According to Melnyk, et al. 2010, supply chains of tomorrow must deliver varying degrees of
A) safety and security of goods delivered. B) eliminating waste, reducing pollution, and improving the environment. C) innovation. D) all of the above.