What can you use to get a simple estimate of how long it will take to double an investment?
A) Rule of 2
B) Rule of Doubling
C) Rule of 72
D) Theory of 72
E) Rule of 27
C) Rule of 72
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Which of the following is not one of the four steps of processing transactions?
A. Ensure assets are equal to liabilities. B. Post entry to ledger. C. Identify transactions and source documents. D. Analyze transactions using the accounting equation. E. Record journal entry.
Which approach to capacity management makes use of overtime, which is varied to match the variation in demand?
A) Time flexibility from workforce B) Use of seasonal workforce C) Use of subcontracting D) Use of dual facilities—dedicated and flexible
________ is not part of a Monte Carlo simulation
A) Analyzing results B) Analyzing a real problem C) Finding an optimal solution D) Evaluating the results
Sue's office building was damaged by a fire caused by a careless tenant. After paying Sue for the loss, the insurance company sued the tenant to recover its loss. This suit is based on the principle of
A) warranty. B) insurable interest. C) utmost good faith. D) subrogation.