______ is the unconscious process of making decisions based on imagination and possibilities.
A. Anchoring
B. Satisficing
C. Bias
D. Intuition
D. Intuition
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The inventory conversion period refers to the average length of time required:
A. to convert raw materials into finished goods. B. to sell all the finished goods once the production process is completed. C. to convert materials into finished goods and then to sell those goods. D. to collect cash following the sale of inventory. E. to provide payment in cash for the purchase of raw materials and labor.
Cash flows used in net present value and internal rate of return analyses ignore ________
A) future increased sales B) future cost savings C) depreciation expense D) residual value
Crashing a project refers to the technique that minimizes completion time of the project
Indicate whether the statement is true or false.
When the step-down method is used, the service department whose costs are allocated first is often the department that:
A. serves the greatest number of other service departments. B. is the newest. C. obtains the highest yield. D. serves the fewest other service departments. E. has the lowest cost.