Group norms are formed only with respect to things that have significance for the group.
Answer the following statement true (T) or false (F)
True
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Smith Company records pre-tax book income of $500,000 after accruing $1,000,000 in warranty expense in its first year of operations. No warranty claims were paid in the first year. The tax rate is 30%.Suppose that prior to completing its first year's financial statements Smith determines it is unlikely to earn enough taxable income in future years to realize more than $250,000 of its deferred tax asset.Prepare an appropriate journal entry to recognize this information.
What will be an ideal response?
What are three of the major HR-related organizations and what do they focus on?
What will be an ideal response?
____________ is the unconscious process of making decisions based on imagination and possibilities.
a. Heuristics b. Satisficing c. Persuasive d. Intuition
A manager is deciding whether or not to build a small facility. Demand is uncertain and can be either at a high or low level. If the manager chooses a small facility and demand is low, the payoff is $100
If the manager chooses a small facility and demand is high, the payoff is $300. On the other hand, if the manager chooses a large facility and demand is low, the payoff is -$200, but if demand is high, the payoff is $800. (a) What would be the best decision based on the Laplace criterion? (b) What would be the best decision based on Hurwicz's criterion of realism using ? = 0.6?