Managers Go Through a Series of Questions to Decide Whether

question 101

Multiple Choice

Managers go through a series of questions to decide whether to use past costs to estimate future costs. Which of the following questions is least likely to be one of them?

• A) Is the cost relevant to the decision?
• B) Is the cost highly discretionary?
• C) Is the cost an engineered estimate?
• D) Is the cost expected to change?

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Definitions:

Maslow

A rephrased definition for Maslow's Theory: Abraham Maslow's hierarchical framework that outlines a sequence of human needs from basic physiological needs to complex psychological growth needs culminating in self-actualization.

Intolerance

An unwillingness to accept views, beliefs, or behaviors that differ from one's own.

Self-actualization

The actualization or achievement of one's capabilities and possibilities, seen as an inherent motivation or necessity in all individuals.

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.