Why are controls like budgets and operating procedures that McDonald's implements known as input controls?
A. They are implemented by corporate headquarters.
B. They are ad hoc and not codified.
C. They are independent of an organization's culture.
D. They are considered before employees make any decisions.
Answer: D
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Which of the following is one of the tools used for analyzing and designing processes?
a. breakeven analysis b. cost analysis c. volume analysis d. assembly drawing
Which of the following is an example of consequential (indirect) loss?
A) the theft of a person's jewelry B) the destruction of a firm's manufacturing plant by an earthquake C) the cost of renting a substitute vehicle while a collision-damaged car is being repaired D) the vandalism of a person's automobile
Which is the correct method for keying a fraction less than one into Excel?
a. 5/4 b. 4|5 c. 0 4/5 d. 4/5
The confidence coefficient is ________
A) the probability of correctly failing to reject the null hypothesis B) the probability of making a Type II error C) the probability of making a Type I error D) the probability of correctly rejecting the null hypothesis