_____ rely on models and formulas to produce concise tables or a single number that determines a decision.
Fill in the blank(s) with the appropriate word(s).
Decision support systems
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Which of the following is an advantage of a partnership?
A) Partnerships are less expensive to organize than corporations. B) The owners of a partnership are generally exempted from personal income taxes. C) The owners who contribute an asset to the partnership retain absolute claim on the asset. D) Mutual agency creates personal obligations for each partner.
Which of the following relationships is valid concerning fixed overhead budgeted at the beginning of the year?
A) BFOH = SFOR x AH B) BFOH = SFOR x SH for actual production C) BFOH = SFOR x SH for planned production D) BFOH = SFOR/SH for actual production E) none of these
Persons found to have committed a tort usually must either pay a fine or serve time in prison
Indicate whether the statement is true or false
What is the analysis that works in reverse to what-if and sensitivity analyses by finding the inputs necessary to achieve a goal such as a desired level of output?
A. Optimization system B. Revenue analysis C. Goal-seeking analysis D. Solutions based analysis