A typical control decision would be best characterised as:Select one:O A. Predicting the cost of offering a new course at a universityO B. Identifying how many students should be registered to break evenC. Determining why the number of students registered was less than anticipatedO D. All of the above.

Control means exercise of power on certain things or persons to affect them to prevent from…

Answered: A typical control decision would be…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Many decision problems have the following simple structure. A decision maker has two possible deci-sions, 1 and 2. If decision 1 is made, a sure cost of c is incurred. If decision 2 is made, there are two possibleoutcomes, with costs c1 and c2 and probabilities p and1 2 p. We assume that c1 , c , c2. The idea is thatdecision 1, the riskless decision, has a moderate cost,whereas decision 2, the risky decision, has a low costc1 or a high cost c2.a. Calculate the expected cost from the riskydecision.b. List as many scenarios as you can think of thathave this structure. (Here’s an example to get youstarted. Think of insurance, where you pay a surepremium to avoid a large possible loss.) For eachof these scenarios, indicate whether you wouldbase your decision on EMV or on expected utility.
When dealing with Make or Buy - we have several alternatives that could be possible. Like with any problem associated with relevant decision making, we have to list all of our alternatives side by side and choose the best one. Yet, as we've discussed, there are items that are important that can be non-financial. For instance, if a series of alternatives suggests we should drop a product line because the numbers say it'd be a good move, do we just do it? What about the political fall out? The loss of jobs? All of these things need to be weighed when making these all to complicated decisions.
Variance analysis is very important because of all of the following reasons except: Select one: a. It helps in gaining an insight into the reason behind the good performance b. It helps in fixing the responsibility c. It acts as a control mechanism. d. It aids into taking an immediate action
Give typing answer with explanation and conclusion
We talk about a problem in Corporate Governance in active monitoring. A monitor learns about the Bad Project, which yields private benefit B, with probability M. The monitor learns nothing with probability 1-M. This probability of M of effective monitoring (=monitoring level) is dependent on the effort cost or what we call disutility of effort g(M) incurred by this monitor. It is assumed that disutility of effort is increasing g’()>0 and convex g’’()>0. We also assume that g’(0) and g’(1) = ∞. Let Rb be the borrower’s reward. In successful case, its value is b/Δp < Rb < B/Δp. Let Rm be the monitor’s payoff in a successful case. The question is: Show the Net Present Value of the project for monitoring level M.
What do you think are the requirements for launching a terrific quality team? Identify an issue (actual or hypothetical), What steps will the team follow to assess and resolve the issue? What will a meeting agenda look like and steps should be taken when the team disbands?
2
Which of the following is not a benefit of using RFID technology: Select one: a. Increasing labour productivity b. Reduction of inventory c. Reduction of shrinkage d. Validation
Which one of the flowing is an advantage of lectures as a training method? CA Lectures allow instructors to expose trainees to a maximum amount of information within a given time p Lecturitate opportunities for practice renforcement, knowledge of results, and overaming Oc Lectures are extremely put in promoting atitudinal and behavioral changes among trainees CD Lectures are demaining methods for handing the wide diversity of ability, attitude, and rest that pm OE Lectures provide ample opportunity to check on whether trainees really understand the training material
Adequate project controls like SPI and CPI have the advantages of a. holding people accountable b. Prevent small problems from getting large c. making the work of accounting department easier d. both A and B are correct C. A,B and C are all correct
Below are events, for each event, identify the type of risk the event entails, classify your identified risk as either systematic or unsystematic risk; Public policy Boards’ risk blindness: risk Information glass ceiling Managerial inefficiency and ineffectiveness Risk assessment strategy Not satisfied at all, please above is my question. Please what type of risk the event entails.

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS