Which of the following statements about prevention costs is true?
A) Prevention costs are generally incurred after problems occur.
B) Design and engineering costs are not properly considered prevention costs.
C) Generally, companies find that the incurrence of prevention costs reduces long-run product failure costs.
D) None of these are true.
C
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The approved systems design document documents the system design and summarizes the implementation training and test plans
Indicate whether the statement is true or false
Which of the following is true about market potential?
A) It refers to the number of customers who purchase a specific product at a given point in time. B) It refers to the upper limit of the market demand for any technology. C) It is preferable to use a time horizon greater than 10 years, while estimating a market's potential, as market potential remains constant over time. D) It is easy to locate published information on the market potential for any given market. E) It is easier to find new customers after a market reaches its full potential.
Of the following actions, the best example of larceny is
a. breaking into a store to steal money. b. blackmailing someone. c. taking another's property by force. d. stealing an automobile.
Randall Corporation, headquartered in Pittsburgh, has a manufacturing plant in Dallas. Plant managers desire to participate in the company's budget efforts, which, for the past 10 years, have been handled solely by top executives in Pittsburgh. Dallas managers feel that by becoming involved, they can make great strides in terms of improving operating performance of their aging facility.Required: Briefly discuss this situation, focusing on the benefits and problems of letting Dallas managers participate in the company's budgetary efforts.
What will be an ideal response?