Why might a company complain of having too much data?
What will be an ideal response?
Data are raw and unorganized facts that can be overwhelming if no one knows what they all mean. A company might complain of having too much data if no one in the organization is able to structure and organize the data so that they can become information that is useful for decision making.
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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory160 units @ $11 5Purchase225 units @ $13 10Sales 145 units @ $2115Purchase105 units @ $14 24Sales 95 units @ $22
A. $3240 B. $3355 C. $2940 D. $2800 E. $3215
The UN Global Compact is ______.
A. an agency that measures the effects of global warming on the earth B. a quarter of all UN delegates committed to more global ethical living C. the largest voluntary corporate citizenship group in the world D. all of these
Preferred stock on which the right to receive dividends is forfeited for any year that the dividends are not declared is referred to as:
A. Cumulative preferred stock. B. Noncumulative preferred stock. C. Callable preferred stock. D. Convertible preferred stock. E. Participating preferred stock.
Which of the following statements is true of novation?
A) Novation is a type of discharge of contract in which the original agreement is substituted with a new one. B) Novation leads to a change in the contractual duties of the new party. C) Novation can be carried out only if all the original parties agree to the substitution of new parties. D) Novation refers to a particular future event that terminates the contract if it does not follow the execution of the contract.