Alice, Noah, and Isaac are colleagues at Faxotell Inc. They meet every Saturday morning at the gym for workout sessions. In the context of the different types of groups, the gym group of Alice, Noah, and Isaac is a(n) ________ group.
A. informal
B. task
C. homogenous
D. formal
Answer: A
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A flexible budget:
A. parallels a static budget with respect to format and advantages of use. B. is both preferred over a static budget in the evaluation of performance and can be used to compare actual and budgeted costs at various levels of activity. C. can be used to compare actual and budgeted costs at various levels of activity. D. is preferred over a static budget in the evaluation of performance. E. gives management flexibility in terms of meeting budget goals.
The tendency to underestimate situational factors and overestimate personal factors when making attributions about others’ actions is called:
a) Actor-observer difference b) Fundamental attribution error c) Stereotype d) Halo effect
Availability of a system refers to the ______.
a. percentage of the time that a system is operating properly when it is needed for use b. percentage of the time that a system is down for maintenance c. percentage of components in the system that have a backup component d. percentage of the time that a system is available for use by the department that owns it (and is not being used by other departments)
The decision to use overbooking will
A) lead to upset customers and a high cost of providing them space. B) lead to unutilized assets and lost revenue. C) lead to reduced profits. D) depend upon optimization to be successful.