Communication and coordination are served by budgets

Indicate whether the statement is true or false


True

Business

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Wendell, new to the area, selects a doctor from the telephone book and visits that doctor to have a splinter extracted. Unbeknownst to Wendell, the doctor has never passed the state licensing exams. Later, when Wendell discovers the truth, he refuses to pay his bill. If the doctor sues for recovery of the fee, will the court support the doctor's claim?

a. Yes, it was up to Wendell to verify the doctor's qualifications prior to having the splinter extracted. b. No, the court is likely to take the position that it is not in the public's best interest to enforce contracts with unlicensed doctors. c. It depends on whether Wendell's injury healed properly. d. Yes, it is unconscionable that Wendell would not pay a bill he owed.

Business

Regarding the measurement of capacity, when a firm provides a relatively small number of standardized products and services:

A) capacity cannot be determined reliably. B) input measures are typically used. C) output measures are typically used. D) utilization becomes equal to capacity.

Business

The Securities and Exchange Commission recognizes the affirmative responsibility of officers and directors under federal securities laws to ensure the accuracy and completeness of public company filings with the SEC

a. True b. False Indicate whether the statement is true or false

Business

Which of the following statements is true if the standard deviation of a process is .02 and the

average is 1? A) The specification limits are ± .02. B) The upper control limit is 1.02. C) About 68.3% of the output will be within 1± .02. D) All of the above are true. E) None of the above is true.

Business