Answer:
confirmation bias
Explanation:
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms or strengthens one's prior personal beliefs or hypotheses. It is a type of cognitive bias.
Answer:
Potter Corporation should turn to activity-based costing.
Explanation:
Potter Corporation should change to activity-based costing. Since Its present system seems to be deforming product costs, resulting in prices of specialty products that are below average and prices of simple products that are too high. This may lead Potter to push products that produce low profit margins.
Answer: marketing concept
Explanation: by adjusting the 4Ps of marketing mix viz, product, price, promotion and place, an organization can attempt to achieve its goals while satisfying customers' needs.
Answer:
Lead time
Explanation:
The lead time is the time that the orders takes from the time of placing the order to the time taken by the order to be received. This is the time Carmella is trying to manage by extensive controls that is made possible by installing an electronic data interchange which helps managing the inventories.
Answer: A. when a company has the accounting and information system expertise to develop the system
Explanation:
Activity-based costing (ABC) is a method whereby the of overhead and the indirect costs such as utilities and salaries are assigned to services and products. In ABC, for every production, a cost has to be assigned.
In this scenario, the costs of adopting ABC may be lower for some companies than for others when a company has the accounting and information system expertise to develop the system. For companies that do not have the accounting and information system expertise, they'll have to look for the expertise to help them with this and this will lead to the company incurring more cost.
