Which of the following is a disadvantage of the point method?
A. It does not communicate what is valued.
B. It can leave too much room for manipulation.
C. It can become bureaucratic and rule-bound.
D. It does not allow for comparisons.
Answer: C
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Which of the following financing methods would be used by an exporter that enjoys good relations with a buyer in a well-established market?
A) letter of credit B) cash in advance C) sales on open account D) barter E) arrival draft
The group maintenance behavior of gatekeeping helps to:
A) Increase and equalize participation. B) Reduce tension and hostility. C) Regulate behavior. D) Increase comprehension.
The elimination of a riskless profit opportunity in a market is called
A) the efficient market hypothesis. B) random walk. C) arbitrage. D) market fundamentals.
Which of the following statements is true of the reporting process?
A) It applies simple operations to reveal patterns in data. B) It creates unstructured reports and delivers them to users. C) It involves the use of sophisticated statistical techniques. D) Its objective is better prediction.