When making nonroutine decisions, how do managers tend to view their decision-making skills?
A. Most managers believe they are more prone to making bad decisions than others.
B. Managers tend to make programmed decisions and delegate nonroutine decisions.
C. Managers tend to be overconfident about their intuition and judgments.
D. Managers usually learn from their mistakes
E. Managers tend to lack confidence in nonroutine decisions.
Answer: C
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Which of the following is a variable overhead cost?
a. The wages of an assembly–line employee paid on the basis of production output. b. Salary of the company chairman. c. Annual depreciation for the factory machinery. d. The wages of the factory janitor paid on the basis of production hours.
An LLC (limited liability company) that is organized in Alabama and is operating in Texas with no operations outside the U.S. is considered a ________ in Texas
A) foreign limited liability company B) limited liability partnership C) domestic limited liability company D) general partnership
Which one of the following statements is not true?
A. Total fixed costs remain the same regardless of volume within the relevant range. B. Total variable costs decrease as the volume increases. C. Total variable costs change with volume. D. Variable costs per unit remain the same regardless of the volume. E. Fixed costs per unit increase as the volume decreases.
The sales and operations plan designs products at what level?
A. aggregate level B. end-item level C. materials and components level D. materials, subassemblies, and capacity level