The first step in the risk management process is to insure against risk
Indicate whether the statement is true or false.
Answer: FALSE
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What question is asked when an entrepreneur draws conclusions from the results of the data analysis?
a. What can be put into charts and graphs? b. Can the results be communicated? c. Do the results support the hypothesis? d. How can the observations be summarized?
Reports should be organized using the direct strategy when the readers are informed or supportive of the topic
Indicate whether the statement is true or false
What is their total inventory policy cost (excluding cost of goods) if they order at their EOKrewe amount?
The Krewe of Orpheus maintains a supply of swizzle sticks for events throughout the year. Demand for swizzle sticks is shockingly low, a quick check of krewe records from last year reveals that they used only 585,000, but the krewe president believes that they should be good stewards of what they have, so they seek to manage this inventory using the EOQ policy, although they prefer to refer to it as an EOKrewe policy for obvious reasons. Swizzle sticks are not expensive items, they cost a nickel apiece largely due to the club logo printed on each one. This also serves to increase the lead time as they can't be obtained from a standard restaurant supply house. Instead, they must be ordered with an eye towards the six day lead time. It costs $15 to place an order, most of this cost is a result of explaining the meaning of "Laissez les bons temps rouler" and why it should be printed on the edge of each swizzle stick. Holding cost is 20% of purchase price. A) $936.75 B) $468.37 C) $418.93 D) $209.46
Briefly explain the four common settlement options
What will be an ideal response?