When Dave,the Sales Manager,is Deciding on Who Will Train the New

question 34

Multiple Choice

When Dave,the sales manager,is deciding on who will train the new sales trainee,he tries not to look at just the recent sales numbers but also checks past sales reports to determine who is the most productive.This way he is not affected by the ______ bias.

• A)sunk-cost
• B)adjustment
• C)representativeness
• D)availability
• E)escalation of commitment

Recognize the shifting dynamics and roles of men and women in the workforce and society.

Understand the concepts and definitions related to process costing systems.

Interpret the role of work in process, direct materials, and conversion costs in process costing.

Apply FIFO and weighted-average methods in process costing.

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Definitions:

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and any external costs.

Unregulated Level

Typically refers to a state in which market activities or specific industries operate without government-imposed controls or restrictions.

Marginal Cost

The growth in aggregate costs resulting from the manufacture of an additional product or service unit.

Externalities

Economic side effects or consequences of commercial activities that affect other parties without being reflected in the costs of the goods or services involved.