Consider this statement: As the importance of a decision increases, the amount of necessary fact gathering increases. Past a certain point, however, additional fact gathering is not wise
Which of the following sentences is most strongly supported by this statement?
A) When more is at stake, the consequences of making a mistake are greater.
B) Important decisions often have more people who should be consulted.
C) Managers should consult as many people as possible for all decisions.
D) Delaying a decision could make a problem worse and rarely results in a better decision.
E) Good managers want to guarantee a positive outcome and avoid negative consequences.
Answer: D
Explanation: D) Often small problems become bigger ones if decisions are delayed. Also, waiting rarely improves the quality of a decision and can result in lost money, time, peace of mind, and opportunities.
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During its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $21,500 and $15,000. The vacations are expected to be taken in the next year and the pension rights are expected to be paid in the future 5-30 years. What is the total cost of vacation pay and pension rights to be recognized in the first year?
A) $15,000 B) $36,500 C) $6,500 D) $21,500
A piece of property whose owner intentionally placed it somewhere but forgot its location is referred to as ________ property
A) abandoned B) lost C) mislaid D) res judicata
In goal programming, the deviational variables have the same objective function coefficients as the surplus and slack variables in a normal linear program
Indicate whether the statement is true or false
Tomato Farms (TF) offers to sell Unified Grocers, Inc., a boxcar load of tomatoes. The offer is sent via overnight delivery because an acceptance is required urgently. It would be most reasonable for Unified to accept via
A. a fax, a letter, or a phone call to TF within two weeks. B. a fax sent to TF as soon as the offer is received. C. a letter mailed to TF within two days. D. a phone call to TF within five business days.