"How high priority is this situation? How believable is the information about the situation? How quickly must I act on the information about the situation?" Managers can use these questions to make decisions about (respectively)
A. outcomes, credibility, and ethics.
B. priorities, reliability, and service.
C. analytics, heuristics, and credibility.
D. importance, credibility, and urgency.
E. profitability, reliability, and efficiency.
D. importance, credibility, and urgency.
Three ways to help you decide whether to decide are to evaluate the following: (1) Importance: "How high priority is this situation?" (2) Credibility: "How believable is the information about the situation?" (3) Urgency: "How quickly must I act on the information about the situation?"
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When a partnership is liquidated, the assets are sold and the cash realized is applied first to the
a. partners' equity accounts. b. claims of creditors. c. partner with the largest investment in the partnership. d. partners according to their ownership interest as indicated by their capital account.
The ________ is a measure of a company's ability to pay its current liabilities from cash and cash equivalents.
A) cash conversion cycle B) cash ratio C) gross profit D) debt equity ratio
The ten (10) classes of priority claims recognized by the Bankruptcy Code are paid before secured creditors realize on their collateral.
Answer the following statement true (T) or false (F)
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 3,700DLHsOverhead costs at the denominator activity level: Variable overhead cost$28,490 Fixed overhead cost$47,545 ?The following data pertain to operations for the most recent period: Actual hours 3,900DLHsStandard hours allowed for the actual output 3,850DLHsActual total variable manufacturing overhead cost$29,445 Actual total fixed manufacturing overhead cost$47,995 The fixed manufacturing overhead volume variance for the period is closest to:
A. $1,870 F B. $2,570 F C. $1,928 F D. $643 U