Which of the following is true regarding the concept of flexibility?
A) It is the ability to respond with little penalty in time, cost, or customer value.
B) It may be accomplished with digitally controlled equipment.
C) It may involve modular or movable equipment.
D) All of the above are true.
E) None of the above is true.
D
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Based on a 5% risk of assessing control risk too low, how would an auditor interpret a computed upper deviation rate of 7%?
A. There is a 5% chance that the deviation rate in the population is less than 7%. B. There is a 5% chance that the deviation rate in the population exceeds 7%. C. There is a 95% chance that the deviation rate in the population equals 7%. D. The auditor is willing to accept a deviation rate of 7% before deciding not to rely on the control.
On April 30, Gomez Services had an Accounts Receivable balance of $25,700. During the month of May, total credits to Accounts Receivable were $60,400 from customer payments. The May 31 Accounts Receivable balance was $20,000. What was the amount of credit sales during May?
A. $66,100. B. $37,600. C. $54,700. D. $5700. E. $60,400.
Describe two methods for analyzing an organization’s strategy.
What will be an ideal response?
Jazzy Tile Co. segmented its broad product-market and decided to aim at two different segments, offering each segment a different marketing mix. Jazzy Tile Co. is following the ________ approach.
A. mass marketing B. combined target market C. multiple target market D. single target market E. None of these answers is correct.