Learning Objective 9-1
1) A formal method of making a choice that might involve both quantitative and qualitative analysis is ________.
A) sunk costs
B) stockout costs
C) carrying costs
D) decision model
E) economic order
2) Decision models include:
A) only high-low analysis.
B) only regression analysis.
C) only qualitative analysis.
D) only quantitative analysis.
E) quantitative and qualitative analysis.
3) In which step of the decision-making process do managers reorganize operations to reduce costs?
A) Step 1: Modify the Problem and Uncertainties.
B) Step 2: Obtain Information.
C) Step 3: Make Predictions About the Future.
D) Step 4: Make Decisions by Choosing Among Alternatives.
E) Step 5: Implement the Decision, Evaluate Performance, and Learn.
4) In which step of the decision-making process do managers eliminate workers and there is a negative effect on employee morale?
A) Step 1: Modify the Problem and Uncertainties.
B) Step 2: Obtain Information.
C) Step 3: Make Predictions About the Future.
D) Step 4: Make Decisions by Choosing Among Alternatives.
E) Step 5: Implement the Decision, Evaluate Performance, and Learn.
5) In which step of the decision-making process do managers improve implementation when they implement employee training and offer better supervision to employees?
A) Step 1: Identify the Problem and Uncertainties.
B) Step 2: Obtain Information.
C) Step 3: Make Predictions About the Future.
D) Step 4: Make Decisions by Choosing Among Alternatives.
E) Step 5: Implement Decision, Evaluate Performance, and Learn.
6) In which step of the decision-making process are managers most likely to predict future manufacturing labor costs?
A) Step 1: Identify the Problem and Uncertainties.
B) Step 2: Obtain Information.
C) Step 3: Make Predictions About the Future.
D) Step 4: Make Decisions by Choosing Among Alternatives.
E) Step 5: Implement Decision, Evaluate Performance, and Learn.
7) In which step of the decision-making process do managers compare predicted benefits?
A) Step 1: Identify the Problem and Uncertainties.
B) Step 2: Obtain Information.
C) Step 3: Make Predictions About the Future.
D) Step 4: Make Decisions by Choosing Among Alternatives.
E) Step 5: Implement the Decision, Evaluate Performance, and Learn
8) Management accountants analyze and present relevant data to guide managers' decisions.
9) Reorganization eliminates all manual handling of materials.
10) Effective feedback might affect future predictions, the prediction used, the way choices are made, or the implementation of the decision.
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