What is meant by "common language"? How does common language help professionals manage quantities of data efficiently?
Fractions, ratios, and percentages are examples of common language. In effect, common language reduces difficult figures to the "common denominators" of language and ideas. Although "218 of 400 expect to travel to Alaska in the future" is somewhat easy to understand, "54.4% prefer . . ." is even easier, and "one out of two indicate a preference for traveling to Alaska" is even more understandable.
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List three critical questions that a feasibility study should answer.
What will be an ideal response?
With respect to the general classes of computers, a ________ is very large and is used primarily as the main, central computing system for major corporations
A) personal computer B) supercomputer C) server D) mainframe computer E) workstation
The weighted average cost of capital is the minimum required return that must be earned on additional investment if firm value is to remain unchanged
Indicate whether this statement is true or false.
Which of the following best defines the breakeven point in the outsourcing decision model?
A) It is the value of demand volume for which total manufacturing cost is equal to the total purchased cost. B) It is the value of demand volume for which the total manufacturing cost is two times the total purchased cost. C) It is the value of demand volume for which the total manufacturing cost is half the total purchased cost. D) It is the value of demand volume for which the total manufacturing cost is zero.