Managers Who Are Cautious and Try to Adhere to the Rational

question 37

Multiple Choice

Managers who are cautious and try to adhere to the rational decision-making model

• A)are more likely to make mistakes.
• B)infrequently make decisions that lead to big losses.
• C)have a higher risk propensity than other managers.
• D)rely heavily on intuition.
• E)reach to their decisions quickly.

Apply overhead costs to jobs using predetermined overhead rates.

Calculate the total cost of a job inclusive of direct materials, direct labor, and applied overhead.

Determine the selling price of a job using manufacturing costs and predetermined markup percentages.

Understand the differences between departmental and plantwide overhead rates.

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Definitions:

Political Skills

The ability to effectively understand others at work and to use such knowledge to influence others to act in ways that enhance one’s personal and/or organizational objectives.

Comprehending Others

The ability to understand the perspectives, emotions, and motivations of other people.

Networking

Establishing good relations with key organizational members and outsiders to accomplish one’s goals.

Upward Appeal

A strategy where an individual attempts to influence a decision or gain support by appealing to higher-level management within an organization.