To make sound financial decisions, people should do thorough research to get a complete perspective on a situation
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Relying only on information that's readily available or generalizing from too small a sample of information can distort one's financial decision making.
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Because the allowance method results in better matching, accounting standards require its use rather than the direct write-off method, unless bad debts are immaterial
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1.Instant decisions are also known as snap judgments. 2.When we assume that situations and people stay the way they are, we make frozen evaluations. 3.According to group-based processing, if we are younger and identify an individual as belonging to the category of older adults, then our attitudes toward that person may be affected by the attitudes we have toward older persons in general. 4.The tendency to perceive what is right or wrong, good or bad, according to the categories and values in our own culture is known as ethnocentrism. 5.Like education and culture, our motivation causes us to exhibit our own perceptual preferences.
VMI______.
a. stands for vendor-managed inventory b. is a process in which inventory is completely eliminated c. incorporates the push concept d. makes it easier to meet quality control requirements
A snack food producer runs four different plants that supply product to four different regional distribution centers
The division operations manager is focused on one product, so he creates a table showing each plant's monthly capacity and each distribution center's monthly demand (both amounts in cases) for the product. The division manager supplements this table with the cost data to ship one case from each plant to each distribution center. Formulate an objective function and constraints that will solve this problem using linear programming. Center 1 Center 2 Center 3 Center 4 Monthly Capacity Plant A $2 $7 $5 $4 8000 Plant B $9 $4 $7 $6 12000 Plant C $7 $6 $4 $3 7500 Plant D $4 $8 $3 $5 5000 Monthly Demand 9000 8500 8000 7000