To emphasize that any decision encompasses qualitative, as well as quantitative, factors, answer one or the following questions: 1.A diversified food company is considering the closing of its Condiment Division. What qualitative factors should be considered before discontinuing a division or product line? 2.An automobile manufacturer has decided to allow outside suppliers to bid on all parts necessary to make its vehicles. What qualitative factors should be considered by management in deciding whether or not to turn over the production of a part to an outside supplier? 3.What are the qualitative factors you might consider when determining whether or not to replace your car?
To emphasize that any decision encompasses qualitative, as well as quantitative, factors, answer one or the following questions: 1.A diversified food company is considering the closing of its Condiment Division. What qualitative factors should be considered before discontinuing a division or product line? 2.An automobile manufacturer has decided to allow outside suppliers to bid on all parts necessary to make its vehicles. What qualitative factors should be considered by management in deciding whether or not to turn over the production of a part to an outside supplier? 3.What are the qualitative factors you might consider when determining whether or not to replace your car?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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To emphasize that any decision encompasses qualitative, as well as quantitative, factors, answer one or the following questions:
1.A diversified food company is considering the closing of its Condiment Division. What qualitative factors should be considered before discontinuing a division or product line?
2.An automobile manufacturer has decided to allow outside suppliers to bid on all parts necessary to make its vehicles. What qualitative factors should be considered by management in deciding whether or not to turn over the production of a part to an outside supplier?
3.What are the qualitative factors you might consider when determining whether or not to replace your car?
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