If rewards are distributed based on personal performance levels, a perception of ______ can be created if managers don’t make clear why some are provided with greater incentives than others.
A. fairness
B. merit
C. variableness
D. favoritism
D. favoritism
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Firms can elect the fair value option for the following items: (1) bonds held to maturity, (2) available-for-sale securities, and (3) cash flow hedges. Which of the following is/are true?
a. Applying the fair value option to investments in debt securities classified as held to maturity results in accounting for the investments as if they were a trading security, with changes in fair value recognized in income each period. b. Applying the fair value option to available-for-sale securities results in reporting unrealized gains and losses from remeasurement to fair value in net income as fair value changes, instead of initially in other comprehensive income. c. Applying the fair value option to cash flow hedges results in reporting unrealized gains and losses from remeasurement to fair value in net income as fair value changes, instead of initially in other comprehensive income. d. all of the above e. none of the above
Non-programmed decisions are those that are:
A) Programmed by authority B) Not programmed by authority C) Repetitive and routine D) Infrequent
A similarity between materials requirement planning (MRP) and distribution resource planning (DRP) is that both inventory systems:
a. require the manufacturer to keep inventory levels as high as possible. b. help manage inventory from manufacturer to end user rather than from the suppliers to the manufacturer. c. use various inputs, such as sales forecasts, available inventory, and so on, to determine what needs to be done to replenish goods at all points in the supply chain. d. prohibit the use of buffer stocks as insurance against unexpected demand increases.
Find the area under the normal curve between the Z values 1 and 0.83.
a. 4.46% b. 5.98% c. 2.32% d. 7.33%