What is the difference between programmed decisions and nonprogrammed decisions? Give an example of each.
What will be an ideal response?
Decisions are programmed to the extent that they are repetitive and routine, and a definite procedure has been developed for handling the problem. For instance, if the light bulb burns out, get a replacement from the supply closet and replace it. Decisions are nonprogrammed when they are novel and unstructured, and there is no established procedure for handling the problem. An example would be having to decide whether to replace all the standard light bulbs in the building with more costly but longer lasting and cheaper-to-use florescent.
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Fredrick is about to undergo a major surgery to remove a brain tumor. Fredrick gives his watch to his nephew, Harry, and tells Harry he wants him to have it if he does not survive the operation. Fredrick's gift to Harry is a:
A. general gift. B. gift inter vivos. C. gift causa mortis. D. residuary gift.
Which of the following is true of the engineering method of separating costs?
A) It is generally used to estimate the cost of activities and new products. B) It is sometimes called a time and motion study. C) It separates costs by performing a step-by-step analysis of various elements involved. D) All of these choices are correct.
Which of the following statements is CORRECT?
A. The slope of the Security Market Line is beta. B. Any stock with a negative beta must in theory have a negative required rate of return, provided rRF is positive. C. If a stock's beta doubles, its required rate of return must also double. D. If a stock's returns are negatively correlated with returns on most other stocks, the stock's beta will be negative. E. If a stock has a beta of to 1.0, its required rate of return will be unaffected by changes in the market risk premium.
Which of the following is used to describe an employment relationship in which each party uses the other for short-term benefit:
a. relational b. transient c. transactional d. fleeting