A(n) ________ is an evaluation conducted by one organization of another organization.
A. clan control
B. market control
C. external audit
D. activity-based costing
E. budget
Answer: C
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The process of developing automatic responses to a situation built up through repeated exposure to it is referred to as ________.
A. functional learning B. perceptual learning C. motivated learning D. retentive learning E. behavioral learning
Robusto Coffee Traders Inc sells prepackaged coffees to a variety of businesses throughout the East Coast. Robusto purchases the coffee in bulk from a wholesale distributor and packages the coffee themselves to sell to customers. The company expects to sell 120,000 and 135,000 one-pound packages of coffee during 2012 and 2013, respectively. The company had 6,000 one-pound packages on hand at the
beginning of 2012, and the company has a policy of maintaining an ending inventory equal to 5 percent of the packages needed for next year's expected sales. How many packages of coffee should the company plan to purchase in 2012? A) 126,750 B) 120,750 C) 119,250 D) 255,000
The Hurwicz criterion multiplies the worst payoff by the coefficient of optimism
Indicate whether this statement is true or false.
Which of the following types of businesses is considered to have a relatively low business risk?
A. A single-product firm B. A non-cyclical firm C. A seasonal-product firm D. A small firm E. A cyclical firm