Which of the Following Is a Disadvantage of a Dual-Rate

question 3

Multiple Choice

Which of the following is a disadvantage of a dual-rate method?

• A) It allocates fixed costs on the basis of budgeted long-run usage, which may tempt some managers to underestimate their planned usage.
• B) It may lead operating department managers to make sub-optimal decisions that are in their own best interest.
• C) It allocates fixed and variable-cost pool using the same cost-allocation base, which will mislead managers in making decisions.
• D) It does not guide department managers to make decisions that benefit both the organization as a whole and each department.

Understand Jean Piaget's theory of cognitive development, including key concepts such as equilibrium, assimilation, and accommodation.

Identify and describe the stages of cognitive development proposed by Jean Piaget.

Understand the significance of adaptation in cognitive development according to Piaget.

Explain the importance of observational learning and modeling in behavior.

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Definitions:

Credit Investigations

The process of assessing an individual's or company's financial history and current status to determine their creditworthiness.

Personal Guarantees

Agreements where individuals commit to repay a loan or debt issued to their business in case of default, making them personally liable.

Term Loans

Fixed-amount loans from a financial institution to a borrower with a specified repayment schedule and a fixed or floating interest rate.

Restrictive Covenants

Clauses in contracts that restrict or limit actions of the parties involved, often used in real estate and employment agreements.