MANAGERIAL ACCT(LL)+CONNECT+PROCTORIO PL
17th Edition
ISBN: 9781265574826
Author: Garrison
Publisher: MCG
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Textbook Question
Chapter P, Problem 12E
EXERCISE P-12 Cognitive Bias and Decision Making
During World War II,the U.S. military was studying its combat-tested fighter planes to determine the parts of the plane that were most vulnerable to enemy fire The purpose of the study was to identify the most vulnerable sections of each plane and then take steps to reinforce those sections to improve pilot safety and airplane durability The data gathered by the U.S.military showed that certain sections of its combat-tested fighter places were consistently hit more often with enemy fire than other sections of the plane.
Required:
- Would you recommend reinforcing the sections of the plane that were hit most often by enemy fire, or would you reinforce the sections that were hit less frequently by enemy fire? Why?
- Do you think cognitive bias had the potential to influence the U.S. military's decision-making process with respect to reinforcing its fighter planes? Source: Jerker Denrell,"Selection Bias and the Perils of Benchmarking,” Harvard Business Review, Volume 83,Issue 4, pp. 114-119.
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Question 3
Though COVID-19 has affected the majority of companies and individuals worldwide, to some companies; the pandemic is regarded as a window of business opportunity. Simox Pharmaceuticals Cc is one of the few Namibian companies that are locally manufacturing hand sanitizers for use in the fight of COVID-19. The hand sanitizers are produced in masses through a process costing system. The following information was extracted from the company’s records for the month ended 31 August 2020
Description
units
N$
work in progress - 1 july 2020
2000
- materials 100% complete
-
50000
- Coversion 80%
-
45000
During the month
units introduced to production
80000
-
work in progress - 31 August 2020 - Material 100% complete…
35
Which of the following statement is correct?
a.
Target technique ensures that the product is introduced to the market with a specific functionality, quality, and selling price
b.
Target costing involves the establishment of target costs for each product and each product- related activity, starting with the design of the product and culminating with the sale of the product
c.
All of these
d.
Implementation of a new computerized system, there is not only the initial cost of purchasing it. There will be; Training costs of staff to operate the system
Clear my choice
#2 Which of the following would be an example of a research and development expenditure eligible for the R&D credit?
a. Marketing research for a new project.
b. Research to technologically improve an existing product.
c. Research to alter design after commercial production has begun.
d. Research to adapt existing component to a large customer's personal requirements.
e. Routine testing for quality control of an existing product.
Nee
Chapter P Solutions
MANAGERIAL ACCT(LL)+CONNECT+PROCTORIO PL
Ch. P - Prob. 1QCh. P - Pick any major television network and describe...Ch. P - If you had to decide whether to continue making a...Ch. P - Why do companies prepare budgets?Ch. P - Why is managerial accounting relevant to business...Ch. P - Why is managerial accounting relevant to...Ch. P - Pick any large company and describe its strategy...Ch. P - Why do management accountants need to understand...Ch. P - Prob. 9QCh. P - Prob. 10Q
Ch. P - Prob. 11QCh. P - Locate the website of any company that publishes a...Ch. P - Why do companies that implement Lean Production...Ch. P - Why are leadership skillsimportant to managers?Ch. P - Prob. 15QCh. P - Prob. 16QCh. P - Prob. 17QCh. P - What internal controls would you implement to help...Ch. P - Why do companies take a physical count of their...Ch. P - Why do companies use sequential prenumbering for...Ch. P - Prob. 1ECh. P - Assume that you work for an airline unloading...Ch. P - Prob. 3ECh. P - EXERCISE P-4 Ethics and the Manager Richmond,...Ch. P - Prob. 5ECh. P - Prob. 6ECh. P - Prob. 7ECh. P - Prob. 8ECh. P - Prob. 9ECh. P - Prob. 10ECh. P - Prob. 11ECh. P - EXERCISE P-12 Cognitive Bias and Decision Making...Ch. P - Prob. 13E
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