1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gala2k [10]
2 years ago
9

The ability to look critically at data and assess its validity is a vital managerial skill. when decision makers are presented w

ith wrong data, the results can be disastrous. and these problems can get amplified if bad data is fed to automated systems. as an example, look at the series of man-made and computer-triggered events that brought about a billion-dollar collapse in united airlines stock. in the wee hours one sunday morning in september 2008, a single reader browsing back stories on the orlando sentinel's web site viewed a 2002 article on the bankruptcy of united airlines (ual went bankrupt in 2002, but emerged from bankruptcy four years later). that lone web surfer's access of this story during such a low-traffic time was enough for the sentinel's web server to briefly list the article as one of the paper's "most popular." google crawled the site and picked up this "popular" news item, feeding it into google news. early that morning, a worker in a florida investment firm came across the google-fed story, assumed united had yet again filed for bankruptcy, then posted a summary on bloomberg. investors scanning bloomberg jumped on what looked like a reputable early warning of another united bankruptcy, dumping ual stock. blame the computers again—the rapid plunge from these early trades caused automatic sell systems to kick in (event-triggered, computer-automated trading is responsible for about 30 percent of all stock trades). once the machines took over, ual dropped like a rock, falling from twelve to three dollars. that drop represented the vanishing of $1 billion in wealth, and all this because no one checked the date on a news story. welcome to the new world of paying attention (harvey, 2008)!
Business
1 answer:
Ghella [55]2 years ago
6 0
Thanks for sharing this, awesome read!
You might be interested in
HELP ME PLEASE************
ratelena [41]

Answer:

The 1st one because I would want the product to be okay for me to use and not under pay for something that will harm me.

Explanation:

It is just plain facts!!!

6 0
2 years ago
Read 2 more answers
As it relates to inventory, a buyer's time expended to prepare the purchase order for more material is considered a(n) ____ cost
OLga [1]

Answer:

"Ordering" is the correct solution.

Explanation:

  • Ordering expenses are incurred in purchasing a new shipment of manufactured goods. This would include expenditures for the attempting to place of a purchase agreement, cost savings for the evaluation including its batches expected to receive, ends up costing for documentary evidence, etc.
  • The cost of ordering correlated negatively with either the cost of transport. This appears to mean because the much more purchases a business location including its providers, the significantly higher the ordering costs will indeed be.
3 0
2 years ago
If customer 2 has a service time of 1.6, and if customer 3 has an interarrival time of 1.1 and a service time of 2.3, when will
Ivan
Your answer should be: "There is not enough information to answer." Hope I helped! :)
3 0
3 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
Ugo [173]

Answer:

$2,880

Explanation:

Given that,

Total machine-hours = 30,300

Total fixed manufacturing overhead cost = $ 575,700

Variable manufacturing overhead per machine-hour = $ 4.00

For Job T687:

Number of units in the job = 10

Total machine-hours = 30

Direct materials = $730

Direct labor cost = $1,460

Total variable overhead estimated:

= Variable manufacturing overhead per machine-hour × Total machine-hours

= $4 × 30,300

= $121,200

Total overhead estimated:

= Total variable overhead estimated + Total fixed overhead estimated

= $121,200 + $575,700

= $696,900

Predetermined overhead rate:

= Total overhead estimated ÷ Total machine-hours

= $696,900 ÷  30,300

= $23 per machine hour

Total overhead applied:

= predetermined overhead rate × Total machine hours for Job T687

= $23 × 30

= $690

Total job cost:

= Direct material + Direct labor + Total overhead

= $730 + $1,460 + $690

= $2,880

5 0
3 years ago
According to the theory of comparative advantage, potential world production is greater with unrestricted free trade than it is
dimaraw [331]

Answer:

The answer is true

Explanation:

The law of comparative advantage describes how, under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage.

8 0
2 years ago
Other questions:
  • __________ are such things as product, price, place, and promotion and are considered part of the environment that influences th
    11·1 answer
  • A stockbroker predicts whether a stock will go up or down by tossing a coin and so has a 50% chance of making a correct predicti
    12·1 answer
  • What is the name for a client-server model with one server and many clients, such as when an application is used to watch a live
    11·1 answer
  • Company C is identical to Company D in every respect except that Company C uses LIFO and Company D uses average costs. In an ext
    12·1 answer
  • So, I got a job two weeks ago and I'm a minor. I don't have a work permit. Is a permit necessary to get paid? I haven't been ask
    5·2 answers
  • XYZ Development, Inc. leases commercial space to businesses. Most of the leases are long-term, from five to fifteen years in len
    12·1 answer
  • ______________ undergo extensive additional processing during their conversation into other products. The only initial processin
    15·2 answers
  • The tax laws allow taxpayers to use which of the following methods for accounting for research and experimentation costs paid or
    9·1 answer
  • A business may survive and prosper during the growth stage even though it has neither differentiated its offering from competito
    11·1 answer
  • Can yall plz follow me tik demon alchemist
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!