Explain the difference between restricted codes and elaborated codes
What will be an ideal response?
Restricted codes focus on the content of objects, not the relationship among objects. In contrast, elaborated codes are more complex and depend on a more sophisticated worldview.
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List the advantages and disadvantages of using managers, peers, subordinates, self, and customers as sources of performance information.
What will be an ideal response?
Process costing is used in companies that
a. engage in road and bridge construction. b. produce sailboats made to customer specifications. c. produce bricks for sale to the public. d. construct houses according to customer plans.
How does a service company calculate unit cost per service? Why do managers need to know the unit cost per service?
What will be an ideal response
Which of the following is NOT an ethical problem that occurs in inventory management?
a. misleading buyers about the price of storing inventory for them or the status of their inventory b. covering up damaged products that are ready for shipment c. manipulating inventory figures and inventory levels d. charging higher prices for better quality products