Managers Should Use Subjective Measures When ________

question 6

Multiple Choice

Managers should use subjective measures when ________.

• A)work activities cannot be expressed in quantifiable terms
• B)organizational processes and activities are complex
• C)immediate managerial action is required
• D)organizational efficiency is in question

Recognize why financial decision-makers might use multiple measures for project evaluation.

Understand different types of technical documentation and drawings in product and service design, including engineering drawings, assembly drawings, route sheets, and bills of material.

Identify and describe strategies and techniques in product development, including external development strategies and cost reduction in service design.

Recognize the role of customer interaction in service design and the concept of modularization in product and service design.

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Definitions:

Outstanding Deposits

Deposits that have been made to an account but not yet credited or available for use.

Outstanding Checks

Outstanding checks are checks that have been written and recorded in the account ledger but have not yet been cashed or cleared by the bank.

Reconciled Balance

The balance of an account after all discrepancies have been analyzed and adjustments have been made to reflect the true amount.

Checkbook Balance

The total amount of money available in an individual's checking account, as recorded in their checkbook.