Which of the following best describes how business models help companies manage complexity?
A. Business models must display every detailed task and activity, which allows managers to visualize the complexity inherent in its business processes.
B. Although business models are a simplification of the actual processes they represent, they incorporate the processes' essential elements.
C. Business models' limitations force managers to simplify the company's actual processes.
D. Because business models can't exceed one page, managers can understand how the business works at a glance.
Answer: B
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The two most common purposes of business presentations are to
A) analyze and synthesize. B) regulate and validate. C) inform and persuade. D) illustrate and entertain. E) observe and comment.
All of the following factors can be associated with high levels of fraud and detract from a positive work environment EXCEPT:
a. top management that does not pay attention to behavior of employees. b. lack of recognition of job performance. c. unrealistically low pay. d. low turnover.
GASB Statement No. 34 makes it clear that government-wide statements are considered superior to fund statements
Indicate whether the statement is true or false
The examination of the differences between planned and actual contribution margins is called ________
a. contribution margin analysis b. yield analysis c. contribution margin ratio d. quantity analysis