Explain the "upper control limit" and "lower control limit" aspects of a control chart
What will be an ideal response?
Upper Control Limit - The upper control limit represents the maximum spending limit. Spending in excess of the
upper control limit could get the marketing department in trouble with the finance department of the organization.
Lower Control Limit - The lower control limit represents the minimum spending limit. Underspending could be
just as bad as overspending, because the company risks the loss of market momentum by not spending enough to
maintain its presence in the market.
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A limitation of industry norms is that:
a. companies in the same industry with similar operations may use different acceptable accounting procedures. b. many companies are diversified. c. companies in the same industry may have different operations. d. All of these are correct.
Why is it important that a paralegal have a basic understanding of accounting principles?
What will be an ideal response?
Which of the following is an example of lateral communication?
A) Your supervisor sends you an email that lists your strengths and weaknesses. B) Three state senators discuss the pros and cons of passing new laws against hate crimes. C) The vice president of marketing prepares a report to share with the marketing representatives. D) You respond to an internal survey conducted by a colleague from another department. E) You prepare a year-end sales report for your supervisor's approval.
The incontestability clause in life insurance primarily serves to protect the:
A) beneficiary B) insured C) insurer D) annuitant