MANAGERIAL ACCOUNTING-W/ACCESS >C<
22nd Edition
ISBN: 9781307839302
Author: Garrison
Publisher: MCG/CREATE
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Chapter P, Problem 12E
EXERCISE P-12 Cognitive Bias and Decision Making
During World War II,the U.S. military was studying its combat-tested fighter planes to determine the parts of the plane that were most vulnerable to enemy fire The purpose of the study was to identify the most vulnerable sections of each plane and then take steps to reinforce those sections to improve pilot safety and airplane durability The data gathered by the U.S.military showed that certain sections of its combat-tested fighter places were consistently hit more often with enemy fire than other sections of the plane.
Required:
- Would you recommend reinforcing the sections of the plane that were hit most often by enemy fire, or would you reinforce the sections that were hit less frequently by enemy fire? Why?
- Do you think cognitive bias had the potential to influence the U.S. military's decision-making process with respect to reinforcing its fighter planes? Source: Jerker Denrell,"Selection Bias and the Perils of Benchmarking,” Harvard Business Review, Volume 83,Issue 4, pp. 114-119.
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Chapter P Solutions
MANAGERIAL ACCOUNTING-W/ACCESS >C<
Ch. P - Prob. 1QCh. P - Pick any major television network and describe...Ch. P - If you had to decide whether to continue making a...Ch. P - Why do companies prepare budgets?Ch. P - Why is managerial accounting relevant to business...Ch. P - Why is managerial accounting relevant to...Ch. P - Pick any large company and describe its strategy...Ch. P - Why do management accountants need to understand...Ch. P - Prob. 9QCh. P - Prob. 10Q
Ch. P - Prob. 11QCh. P - Locate the website of any company that publishes a...Ch. P - Why do companies that implement Lean Production...Ch. P - Why are leadership skillsimportant to managers?Ch. P - Prob. 15QCh. P - Prob. 16QCh. P - Prob. 17QCh. P - What internal controls would you implement to help...Ch. P - Why do companies take a physical count of their...Ch. P - Why do companies use sequential prenumbering for...Ch. P - Prob. 1ECh. P - Assume that you work for an airline unloading...Ch. P - Prob. 3ECh. P - EXERCISE P-4 Ethics and the Manager Richmond,...Ch. P - Prob. 5ECh. P - Prob. 6ECh. P - Prob. 7ECh. P - Prob. 8ECh. P - Prob. 9ECh. P - Prob. 10ECh. P - Prob. 11ECh. P - EXERCISE P-12 Cognitive Bias and Decision Making...Ch. P - Prob. 13E
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