The way the cognitive bias adversely impact the mangers planning, controlling and decision making.

Question

Kensington Textiles, Inc. manufactures customized tablecloths. An experienced worker can sew and embroider 10 tablecloths per hour. Due to the repetitive nature of the work, employees take a 10-minute break after every 10 tablecloths. Additionally, before starting each batch of 10 tablecloths, workers spend 8 minutes cleaning and setting up their sewing machines. Calculate the standard quantity of direct labor for one tablecloth.

Answer 1

Question

Chapter P, Problem 8E

To determine

To identify: The way the cognitive bias adversely impact the mangers planning, controlling and decision making.

To determine

To Identify: The steps to be taken by the managers to reduce the possibility of adverse influence of cognitive bias in the actions of mangers.

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Kensington Textiles, Inc. manufactures customized tablecloths. An experienced worker can sew and embroider 10 tablecloths per hour. Due to the repetitive nature of the work, employees take a 10-minute break after every 10 tablecloths. Additionally, before starting each batch of 10 tablecloths, workers spend 8 minutes cleaning and setting up their sewing machines. Calculate the standard quantity of direct labor for one tablecloth.

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Problem: The bank statement balance of $7,000 does not include a check outstanding of $1,000, a deposit in transit of $275, and another company's $250 check erroneously charged against your firm's account. The reconciled bank balance is__?

Answer 2

Question

Chapter P, Problem 8E

To determine

To identify: The way the cognitive bias adversely impact the mangers planning, controlling and decision making.

To determine

To Identify: The steps to be taken by the managers to reduce the possibility of adverse influence of cognitive bias in the actions of mangers.

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Answer 3

Question

Chapter P, Problem 8E

To determine

To identify: The way the cognitive bias adversely impact the mangers planning, controlling and decision making.

To determine

To Identify: The steps to be taken by the managers to reduce the possibility of adverse influence of cognitive bias in the actions of mangers.

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Answer 4

Question

Chapter P, Problem 8E

To determine

To identify: The way the cognitive bias adversely impact the mangers planning, controlling and decision making.

To determine

To Identify: The steps to be taken by the managers to reduce the possibility of adverse influence of cognitive bias in the actions of mangers.

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Answer 5

Chapter P, Problem 8E

To determine

To identify: The way the cognitive bias adversely impact the mangers planning, controlling and decision making.

To determine

To Identify: The steps to be taken by the managers to reduce the possibility of adverse influence of cognitive bias in the actions of mangers.

Answer 6

Chapter P, Problem 8E

To determine

To identify: The way the cognitive bias adversely impact the mangers planning, controlling and decision making.

Answer 7

Chapter P, Problem 8E

To determine

To identify: The way the cognitive bias adversely impact the mangers planning, controlling and decision making.

Answer 8

To determine

To Identify: The steps to be taken by the managers to reduce the possibility of adverse influence of cognitive bias in the actions of mangers.

Answer 9

To determine

To Identify: The steps to be taken by the managers to reduce the possibility of adverse influence of cognitive bias in the actions of mangers.

Answer 10

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The way the cognitive bias adversely impact the mangers planning, controlling and decision making.

Solution Summary: The author explains that cognitive bias is a process of getting deviated from established standard and rationality while making decisions.

To identify: The way the cognitive bias adversely impact the mangers planning, controlling and decision making.

To Identify: The steps to be taken by the managers to reduce the possibility of adverse influence of cognitive bias in the actions of mangers.

Chapter P Solutions