________ represent(s) cognitive shortcuts or biases that are used to simplify the process of making decisions.
A. Holistic hunches
B. Judgmental heuristics
C. Tacit knowledge
D. Explicit knowledge
E. Normative intuitions
Answer: B
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Kevin transfers $10,000 to his brother to pay off a loan. Two months later, Kevin files for bankruptcy. This transaction can be voided by the bankruptcy trustee.
Answer the following statement true (T) or false (F)
If a company uses an actual cost system, inventory records can first be updated from the
a. vendor invoice b. purchase order c. receiving report d. purchase requisition
A firm with a wide span of control tends to have relatively more layers of management
Indicate whether the statement is true or false
Process quality yield reflects the proportion of
a. time it takes to make a good unit. b. good units to defective units. c. total time spent to total time available. d. total units produced that are good units.