?Which of the following is NOT a disadvantage of the essay method?
A. It is very time-consuming.
B. It must follow a job-specific format.
C. It's appraisal quality could be influenced by the supervisor's writing skills.
D. It is highly subjective and could be biased.
Answer: B
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A good way to get the prospect's attention would be to use the customer benefit approach
Indicate whether the statement is true or false
Which of the following is a cause for the dissolution of a partnership?
A) written consent of the general partners B) withdrawal of a general partner C) withdrawal of all limited partners D) acquisition of business by another partnership
Which of the following is true of the process of organizing for competitive advantage?
A. Strategy formulation and strategy implementation are independent activities. B. Organizing for competitive advantage is a static and not a dynamic process. C. Formulating an effective strategy is a necessary and sufficient condition for gaining and sustaining competitive advantage. D. To maintain competitive advantage, companies need to restructure as they grow and the competitive environment changes.
The following data relate to the Torrence Company for May and August: May AugustMaintenance hours 25,000 29,000 Maintenance cost$1,175,000 $1,247,000 May and August were the lowest and highest activity levels, and Torrence uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 26,000 hours in October, which of the following statements is true?
A. Total maintenance costs will be $1,247,000. B. Total maintenance costs will be $1,221,000. C. Total maintenance costs will be $1,193,000. D. Total maintenance costs will be $1,175,000. E. Total maintenance costs will be $1,182,000.