Mistakes in Decision-Making That Some Managers Make Repeatedly Are Known

question 85

Multiple Choice

Mistakes in decision-making that some managers make repeatedly are known as:

• A) dialectical errors.
• B) programmed decisions.
• C) nonprogrammed decisions.
• D) intuitive judgements.
• E) systematic errors.

---

Definitions:

Standard Cost

A predetermined cost of manufacturing, selling, or any business operation, which is used for budgeting and assessing performance.

Fixed Manufacturing Overhead

Refers to the consistent, non-variable costs associated with manufacturing a product, such as factory lease payments and salaries of permanent staff.

Direct Labor

The wages and other costs for labor that are directly involved in the manufacturing of a product or the provision of a service.

Raw Material

The basic material from which a product is made, typically processed and used in the manufacturing process.