What type of information is used in making nonroutine decisions, such as the decision to replace...
What type of information is used in making nonroutine decisions, such as the decision to replace a traditional assembly line with fully automated robots?
|
a. attention directing information |
||
|
b. problem solving information |
||
|
c. scorekeeping information |
||
|
d. auditing information |
Homework Answers
- Decision to replace a traditional assembly line with fully automated robots is value added activity and it requires attention directing information.
- Attention directing information is used by management to focus on task that add value to the company.
- Problem solving information require to solve particular problem, to determine particular problem so this type of information not required to replace a traditional assembly line with fully automated robots.
- Scorekeeping information also not required for decision to replace a traditional assembly with fully automated robots because it only show data related to score.
- Auditing information is also not useful to take decision to replace a traditional assembly line with fully automated robots because it can not give information how automated robots useful in replace of traditional assembly and how it can give value addition.
Add Answer to:
What type of information is used in making nonroutine decisions,
such as the decision to replace...
1) When making Managerial decisions, explain what financial and non-financial information is involved in the decision...
1) When making Managerial decisions, explain what financial and non-financial information is involved in the decision making process? 2) Explain the following concepts utilized in Incremental Analysis--Relevant Costs, Opportunity Costs and Sunk Costs? 3) What is the purpose of incremental analysis used by a company? 4) Why do we only look at relevant costs in accepting or rejecting a special order at a set price? What assumptions are made in this decision-making process? 5) What factors do we look at...
Decision Making Technology at UPS Regardless of the specific decisions a manager makes, the decision-making process...
Decision Making Technology at UPS Regardless of the specific decisions a manager makes, the decision-making process is either programmed or nonprogrammed. Programmed decision making is a routine, virtually automatic process. Programmed decisions are ones that have been made so many times in the past that managers have developed rules or guidelines to be applied when certain situations inevitably occur. In programmed decision making, managers do not need to repeatedly make new judgments about what should be done. They can rely...
Which of the following statements is false about information used for decision making? A. imprecise but...
Which of the following statements is false about information used for decision making? A. imprecise but relevant information can be useful for decision making B. precise but irrelevant information is worthless for decision making C. relevant information can be reasonably accurate but not precisely so D. relevant information should be totally accurate or it is useless
A valid reason for using a quantitative approach to the decision-making process is when a. the...
A valid reason for using a quantitative approach to the decision-making process is when a. the problem is particularly complex. b. the problem is unique and the manager has no prior experience solving this sort of problem. c. the problem is repetitive, necessitating routine decision making. d. All of these are correct.
Which of the following is a decision-making criterion that is used for decision making under risk?...
Which of the following is a decision-making criterion that is used for decision making under risk? a. expected monetary value criterion b. Hurwicz criterion (criterion of realism) c. optimistic (maximax) criterion d. equally likely criterion
What’s the last stage in consumer decision-making process A. Problem recognition. B. Purchase decision. C. Information...
What’s the last stage in consumer decision-making process A. Problem recognition. B. Purchase decision. C. Information search D. post purchase evaluation marketing question
Which of the following statements is consistent with evidence-based decision making? Check all that apply. A)Evidence-based decision...
Which of the following statements is consistent with evidence-based decision making? Check all that apply. A)Evidence-based decision making encourages questioning assumptions. B)Knowing what you don’t know is as important as knowing what you do know. C)Managers should make choices that support past decisions. D)Evidence-based decision making uses opinions and intuition to provide a rationale for decisions.
Financial statements provide information that is used for making decisions.
7. Relationships between the financial statements Financial statements provide information that is used for making decisions. There are four basic financial statements. This problem is designed to help you understand the purpose of each statement and how the statements Interact. There is a natural progression from one statement to the next. The following boxes represent the four financial statements. The set of financial statements is prepared at the end of each accounting period to communicate information about the company's operations during that...
Cost-volume-profit analysis can also be used in making personal financial decisions. For example, the purchase of...
Cost-volume-profit analysis can also be used in making personal financial decisions. For example, the purchase of a new car is one of your biggest personal expenditures. It is important that you carefully analyze your options. Suppose that you are considering the purchase of a hybrid vehicle. Let's assume the following facts: The hybrid will initially cost an additional $4,500 above the cost of a traditional vehicle. The hybrid will get 40 miles per gallon of gas, and the traditional car...
Information from accounting records is important for making business decisions. What are some examples of business...
Information from accounting records is important for making business decisions. What are some examples of business decisions that require the use of accounting information? and The accounting equation is important to businesses as well as individuals. What are the various parts of the accounting equation? Explain how the accounting equation can be used to analyze the financial position of a business or an individual.
7. Relationships between the financial statements Financial statements provide information that is used for making decisions. There are four basic financial statements. This problem is designed to help you understand the purpose of each statement and how the statements Interact. There is a natural progression from one statement to the next. The following boxes represent the four financial statements. The set of financial statements is prepared at the end of each accounting period to communicate information about the company's operations during that...
Most questions answered within 3 hours.
-
Caculate the PH THANK YOU!
[OH−] = 1.9×10−7 M
[OH−] = 1.6×10−8 M
[OH−] = 7.2×10−11...
asked 7 minutes ago -
Suppose you drive an old truck with a 32 gallon gas tank that
gets 16 miles/gallon....
asked 9 minutes ago -
What can be the anticipated results of curing diabetes with stem
cells?
asked 5 minutes ago -
As
an analyst you believe that Acme Company will pay a dividend of $3
per share...
asked 14 minutes ago -
Claim: At most 81% of adults do not have hypertension. When 869
randomly selected adults were...
asked 30 minutes ago -
Assume a class has 19 members.
a. In how many ways can a president, a vice...
asked 28 minutes ago -
What could be a possible reason that protozoan infections are
increasing in the United States
asked 26 minutes ago -
Implement a Full Adder with two 4x1 Mux and the MSB as possible
inputs of the...
asked 36 minutes ago -
offering the survey (maybe via smart phones) is a good idea?
why?
asked 33 minutes ago -
2. Construct a business plan for your proposed business in
question 1, paying particular attention to:...
asked 31 minutes ago -
1. Choose a work situation in which you were required to do a
lot of creative...
asked 37 minutes ago -
An aqueous solution of barium hydroxide is
standardized by titration with a 0.196 M solution
of...
asked 1 hour ago