What are the three categories of control frequencies and how often are they used?
What will be an ideal response?
Constant controls are in continuous use.
Periodic controls are used on a regular, fixed basis, such as once per hour or day, every week, or at the end of the month, quarter, or year.
Occasional controls are used sporadically when needed.
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Which of the following is a difference between private-sector organizations and nonprofit organizations?
a. Private-sector organizations often adopt undifferentiated strategies, while nonprofit organizations adopt differentiated strategies. b. Private-sector organizations must complement the efforts of nonprofit organizations, while nonprofit organizations must compete with the efforts of private-sector organizations. c. Private-sector organizations prioritize market segments that are most likely to respond to particular offerings, while nonprofit organizations target those who are apathetic about receiving their services. d. Private-sector organizations often market complex behaviors or ideas, while nonprofit organizations do not market complex behaviors or ideas.
The export marketing plan does not include product characteristics, promotional plans, and details on arrangements with foreign representatives.
Answer the following statement true (T) or false (F)
Contingency reserves require a construction company to hold back some funds in an account just in case something happens that increases the overall project cost
Indicate whether the statement is true or false
Weston, Inc., produces widgets. To manufacture a new type of widget, it took 18 iterations before the process reached a steady state of 6 hours. If Weston has a 78% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
a. 16.91 hours b. 18.20 hours c. 15.87 hours d. 15.35 hours