If a Manager Relies on His/her Gut Instinct to Make

question 123

True/False

If a manager relies on his/her gut instinct to make critical business decisions, this is an example of business analytics in action.

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Definitions:

Overhead Applied

The portion of overhead costs assigned to the production of goods or services.

Raw Materials Issued

The allocation or distribution of raw materials for use in the production process.

Labor Time Tickets

Paper or electronic forms used to track the amount of time a worker spends on a particular job or project, utilized for cost accounting and payroll purposes.

Factory Overhead

The total of all indirect costs associated with manufacturing, including utilities, rent for the manufacturing facilities, and maintenance.