According to the example given in your text, Thomas Greenbaum, president of a market research company focusing on qualitative research, notes a disturbing trend in recent years in the focus group service sector
Some moderators of focus groups misrepresent their work to clients because their reports are actually written by ghostwriters who did not participate in the focus group sessions. Why does Greenbaum think using ghost writers is such a large problem?
Greenbaum criticizes such ghostwriting because the nonverbal reactions of focus group participants or group synergy cannot be accurately reported by those who merely listen to audio tapes or view videotapes of focus group sessions. If the clients know in advance that their reports will be written by someone else, it is clearly less of a problem, but they still do not get the best effort from their research consultants. In addition to the likelihood of degrading a report, the ghostwriting system delays the submission of the final report. Moderators who write their own reports try to complete them within a week to 10 days of the last group. Most moderators (using ghostwriters) are not able to provide clients with final reports for three to four weeks.
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The notion that negotiation is both art and science is especially valid at the cross-cultural or international level. Explain the "art" and "science" of negotiation.
What will be an ideal response?
During the taking of its physical inventory on December 31, 2010, Barry's Bike Shop incorrectly counted its inventory as $270,000 instead of the correct amount of $190,000. The effect on the balance sheet and income statement would be as follows:
A) assets overstated by $80,000;retained earnings understated by $80,000; net income statement understated by $80,000. B) assets overstated by $80,000;retained earnings understated by $80,000; no effect on the income statement. C) assets and retained earnings overstated by $80,000; net income overstated by $80,000;. D) assets and retained earnings overstated by $80,000; net income understated by $80,000.
The PERT pessimistic time estimate is an estimate of the minimum time an activity will require
Indicate whether the statement is true or false
The major provisions of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 included
A) abolishing the Federal Home Loan Bank Board and the FSLIC. B) transferring the regulatory role of the Federal Home Loan Bank Board to the Office of Thrift Supervision, a bureau within the U.S. Treasury Department. C) expanding the responsibilities of the FDIC, which is now the sole administrator of the federal deposit insurance system. D) all of the above. E) only A and B of the above.