In a short essay, describe an audit and list at least four uses of audit data
What will be an ideal response?
A physical audit is a formal examination and verification of product movement carried out by examining physical records or analyzing inventory. These audits track inventory flow, current inventory levels, and the impact of both promotional and pricing programs on inventory levels. Standardized as well as customized reports are available to help subscribers manage their brands. These reports provide information that can be used to 1. determine market size and share for both categories and brands by type of outlet, region, or city; 2. assess competitive activity; 3 . identify distribution problems including shelf space allocation and inventory issues; 4. develop sales potentials and forecasts; and 5. develop and monitor promotional allocations based on sales volume.
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When the population has a normal distribution, the sampling distribution of is normally distributed _____
a. for any sample size b. for any sample size of 30 or more c. for any sample size of 50 or more d. for any sample from a finite population
In an S corporation, shareholders
A) are taxed on their proportionate share of earnings. B) are taxed only on dividends. C) may allocate income among themselves in order to consider special contributions. D) are only taxed on salaries.
In the context of the VRIO framework, the question of _____ is a reminder of the cliché: If everyone has it, an individual cannot make money from it.
A. organization B. imitation C. rarity D. value
_____ It is always best to evaluate training using all three levels of evaluation
Indicate whether the statement is true or false