What is the difference between verification and validation?
What will be an ideal response?
The verification process involves determining that the computer model is internally consistent and following the logic of the conceptual model. Validation is the process of comparing a model to the real system that it represents to make sure it is accurate.
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What factors should a firm consider when selecting intermediaries?
What will be an ideal response?
Which of the following is a finding that British researchers identified as a reason why nonprofit brands do so well in the trust dimension?
a. Nonprofits are spending lots of money on branding – more than some for profit organizations b. Nonprofits deal with simple, logical value propositions equally apparent to all c. The nonprofit organizations' missions are of high social value d. Branding increases budgets of nonprofits, and people trust wealthy organizations e. Nonprofits are inherently differentiated, so branding works easily
A clause that states that a bank can make a major change to the terms of a guarantee as it may see fit and the bank does not have to give notice or get the consent of the guarantor is
A) illegal B) is legal if the bank gives the guarantor notice of the change but their consent is not needed C) is legal only if the bank gets the guarantor's consent D) unenforceable if guarantor has repaid most of the debt already E) a material variation clause
Gill Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost
At the beginning of the year, Gill estimated total manufacturing overhead costs at $1,010,000 and total direct labor costs at $840,000. In June, Gill completed Job 511. The details of Job 511 are shown below. (Round to 2 decimal places.) Direct materials cost $23,500 Direct labor cost $13,000 Direct labor hours 300 hours Units of product produced 500 units How much was the total job cost of Job 511? (Round any percentages to two decimal places and your final answer to the nearest dollar.) A) $36,860 B) $52,100 C) $64,700 D) $37,100