The Finishing Department of Garr Company Has the Following Information

question 23

Multiple Choice

The Finishing Department of Garr Company has the following information available for 20xx: $$\begin{array} { l r r } & \text { Units}& \text { complete } \\\text { Beginging work in process inventory } & 5,000 & 40 \text { percent } \\\text { Ending work in process inventory } & 2,500 & \text { 80 percent } \\\text { Units completed during } 20 x x & 32,000 & 100 \text { percent }\end{array}$$
Assuming that Garr Company uses the FIFO process costing method,what are the equivalent units for conversion costs for 20xx?

• A) 31,000
• B) 36,000
• C) 37,000
• D) 32,000

Understand the principles of authority, accountability, and delegation in organizational settings.

Discriminate between mechanistic and organic organization structures and their communication patterns.

Identify the strategies used for vertical organization and their impact on organizational effectiveness.

Analyze the role of decentralization in empowering lower-level departments and employees.

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Definitions:

Representativeness

A cognitive bias in decision making where the likelihood of an occurrence is evaluated based on how similar it is to stereotypes or typical cases.

Anchoring Bias

A mental shortcut in which a person gives disproportionate weight to the first piece of information they receive (known as the "anchor") during decision-making processes.

Anchoring And Adjustment

Anchoring and adjustment is a cognitive bias in decision-making where an initial piece of information, the "anchor," heavily influences subsequent judgments and adjustments.

Creativity

The use of imagination or original ideas to create something; inventiveness.