One avenue for overcoming cognitive biases involves involving a third party as mediator. How does this change a negotiators perceptions and bias?
What will be an ideal response?
When third parties are involved as mediators, negotiators were less susceptible to judgment biases (in particular, the fixed-pie error) and perceived the process as more value-creating and more fair.
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A company uses a process costing system and the weighted average method for inventory costs. The following information is available regarding conversion activities for the current year:Work in Process, January 15,500 units, 80% completeWork in Process, December 317,800 units, 50% completeUnits completed and transferred to finished goods46,900 unitsCalculate the equivalent units of production for conversion costs for the year.
What will be an ideal response?
Which of the following statements is true of corporate strategy?
A. The objective of corporate-level strategy is to ensure that the sum of the values of individual business units is greater than the overall corporate value. B. A corporate strategy must be able to create synergies across business units that are quite different. C. Deciding whether to adopt a differentiation or a cost-leadership strategy is part of formulating the corporate strategy. D. Formulating a corporate strategy involves general managers answering questions relating to how to compete in order to achieve superior performance.
Generally, an accountant must possess the skills that an ordinarily prudent accountant would have.
Answer the following statement true (T) or false (F)
A value-added tax has gained widespread usage in Western Europe, Canada, and parts of Latin America
Indicate whether the statement is true or false.