Selecting the alternative that meets minimum decision criteria is known as ________.
Fill in the blank(s) with the appropriate word(s).
satisficing
We often select the alternative that satisfies minimum decision criteria, otherwise known as "satisficing."
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The Mighty Music Company produces and sells a desktop speaker for $100. The company has the capacity to produce 50,000 speakers each period. At capacity, the costs assigned to each unit are as follows: Unit level costs$45 Product level costs$15 Facility level costs$5 The company has received a special order for 500 speakers. If this order is accepted, the company will have to spend $15,000 on additional costs. Assuming that no sales to regular customers will be lost if the order is accepted, at what selling price will the company be indifferent between accepting and rejecting the special order?
A. $45 B. $60 C. $75 D. $95
Which of the following is an example of a factory overhead cost?
A) Repair and maintenance cost on the administrative building B) Factory heating and lighting cost C) Insurance premiums on salespersons' automobiles D) President's salary
An accountant who substantially performs his contractual duties under a contract with a client is entitled to compensation at the agreed upon rate less any damages he has caused the client
Indicate whether the statement is true or false
A director or corporate officer who usurps a corporate opportunity would be violating the director's fiduciary duty called the ________.
Fill in the blank(s) with the appropriate word(s).