Anita Collins February 19‚ 2014 POFT: 1370 Professor: Caldwell Christopher Chapter 4 Questions 1. What role do values play in making ethical decision? Answer: honesty‚ don’t deceive‚ cheat‚ or steal. Consider how you feel when someone lies to you. Being honest not only means telling the truth‚ but also giving the relevant information. Fairness being fair means acting without prejudice or favoritism. Be fair in your dealings with coworkers‚ customers‚ and supervisors. Listen to others.
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There are many ways that a company can motivate its employees. Consider the different types of pay and benefits described on pp. 420–423 of the text. What type of incentive do you think is most effective for creating a motivating work environment? Why? Creating a motivating work environment can be a difficult task. Employers need to consider the needs of employees and the average pay rates for the work required when determining salaries and benefits. To keep employees motivated‚ it is important
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Decision Making Managers are constantly called upon to make decisions in order to solve problems. Decision making and problem solving are ongoing processes of evaluating situations or problems‚ considering alternatives‚ making choices‚ and following them up with the necessary actions. Sometimes the decision-making process is extremely short‚ and mental reflection is essentially instantaneous. In other situations‚ the process can drag on for weeks or even months. The entire decision-making process
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Chapter 10 10-3 When a client does not adequately segregate duties‚ the possibility of cash being stolen before it is recorded is increased. If the auditor suspects that this type of defalcation is possible‚ what type of audit procedures can he or she use to test this possibility? The auditor can review who handles the receiving and preparing customer orders‚ approving of credit‚ preparing customer invoice‚ preparing accounts receivable aged trial balance and if the same person is doing all
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Managerial Accounting‚ Spring 2013 Read chapter 7‚ complete the following which are DUE March 3‚ 2013 Complete all Questions as marked on page 301 (7-1 through 7-10). Also the following problems sets should be completed in excel. Chapter 7‚ (page 308) Problem 7-9 Questions 7-1 In what fundamental ways does activity-based costing differ from traditional costing methods such as job-order costing as described in Chapter 3? a) Nonmanufacturing as well as manufacturing costs may be assigned to
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Decision making is intrinsic in the society no matter if it is a crucial decision or not. Many models and theories have been recommended to analyze how humans make choices both individually and also in groups such as organizations. This literature review covers a diversity of such models and theories including types of choices and influences of decision making. In order to understand the behavior of how individuals make choices‚ we have to first analyze the fundamental levels of decision making
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Chapter 8 Questions 11-20 8.11 Discuss what is meant by ABC analysis of inventory. What are several measures that can determine ABC status? Murphy‚Jr.‚ Paul R.; Wood‚ Donald Michael (2014-01-14). Contemporary Logistics (11th Edition) (Page 142). Prentice Hall. Kindle Edition. ABC analysis of inventory: can be applied in several different ways‚ recognizes that inventories are not equal value to a firm and that‚ as a result‚ all inventories should not be managed in the same way. The 80/20 rule:
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portfolio question Christian Arzaga 03/27/2012 1. Portfolio Question #1 (Chapter 1) a. What does “success” mean to you? Success to me is the feeling that come from going through struggles and still achieving your goals. It may be something as small as losing 5 pounds or as great as graduating from school. b. When you achieve your greatest success…what will you have and what will you be doing? When I achieve success I will be have my associates
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performance in decision terms has been the subject of active research from several perspectives. From a psychological perspective‚ it is necessary to examine individual decisions in the context of a set of needs‚ preferences an individual has and values they seek. From a cognitive perspective‚ the decision making process must be regarded as a continuous process integrated in the interaction with the environment. From a normative perspective‚ the analysis of individual decisions is concerned with
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Tracey Lindsey Week 1-Case Analysis Managerial Decision Making January 8‚ 2012 1. Define the decision problem. The decision problem is not having a location for the user’s conference due to Hurricane Katrina. 2. As part of defining the decision problem‚ the following questions should be addressed: o What is the general nature of the problem? The general nature of the problem is not having a location due to Katrina and having to make last minute adjustments on whether to continue
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