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In 2009,two Northwest Airline pilots overflew their Minneapolis destination by 150 miles because they were focused on their laptops and in conversation.They also ignored air traffic controllers' attempts to reach them.What may have explained this potentially dangerous error?
Days' Sales in Inventory
A financial metric that measures the average number of days it takes for a company to sell its entire inventory during a given period.
Consignee
The individual or entity to whom goods are shipped to be sold on behalf of the owner, retaining no legal ownership until sales occur.
Expense Recognition Principle
An accounting principle that dictates that expenses should be recognized in the period in which they are incurred to generate revenues, matching expenses against revenues in the period in which the revenue was earned.
Specific Identification
A method of inventory valuation that identifies and assigns cost to individual inventory items, suitable for unique or expensive products.
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