Under what conditions can decision trees be useful?
What will be an ideal response?
Decision trees are useful when there is uncertainty and sequential decisions are involved.
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A waterfall approach to entering foreign markets is described as entering countries simultaneously
Indicate whether the statement is true or false
Which of the following will result in an unfavorable direct labor cost variance?
A) when actual direct labor hours exceed standard direct labor hours B) when actual direct labor hours are less than standard direct labor hours C) when the actual direct labor cost per hour exceeds the standard direct labor cost per hour D) when the actual direct labor cost per hour is less than the standard direct labor cost per hour
Which of the following statements is CORRECT?
A. A time line is not meaningful unless all cash flows occur annually. B. Time lines are not useful for visualizing complex problems prior to doing actual calculations. C. Time lines cannot be constructed to deal with situations where some of the cash flows occur annually but others occur quarterly. D. Time lines can only be constructed for annuities where the payments occur at the end of the periods, i.e., for ordinary annuities. E. Time lines can be constructed where some of the payments constitute an annuity but others are unequal and thus are not part of the annuity.
Limited liability companies are created by federal law.
Answer the following statement true (T) or false (F)