An Organization Has a Strong Policy That Those Employees with Seniority

question 122

Multiple Choice

An organization has a strong policy that those employees with seniority get first chance at promotions, vacation time, and other privileges. A supervisor who needs to decide who gets priority for vacation time will likely use which of the following decision strategies?

• A) Unprogrammed decision strategy.
• B) Programmed decision strategy.
• C) It is impossible to tell from the information given.
• D) The supervisor will not use any decision strategy described in the answers.

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Definitions:

Actual Results

The real, measured outcomes of business activities, such as sales or production levels, compared to planned or forecasted results.

Standard Cost

A predetermined cost of manufacturing, selling, or any other business activity, used as a benchmark for measuring performance.

Labor Rate Variance

The difference between the actual labor cost incurred and the labor cost that was expected or budgeted, typically due to wage rate differences.

Labor Standards

Benchmarks for the amount of labor time required to perform specific tasks, used for budgeting, scheduling, and performance evaluation.