Goal conflict can be avoided if budget goals are carefully designed for consistency across all areas of the organization
Indicate whether the statement is true or false
True
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Which of the following is true regarding historical experience in standard setting?
A) It provides very rigorous guidelines. B) It should be used with caution because it can perpetuate inefficiencies. C) Operating personnel may not be able to achieve operating standards based on historical experience. D) Standards based on historical experience are better than standards based on engineering studies. E) None of the other statements are true.
When explaining "limitations," the researcher is noting
a. his or her own weaknesses and those of the team. b. why there is not enough time to do a thorough job. c. constraints which the researcher has chosen to place on the research. d. normal constraints placed on the research which are beyond the control of the researcher.
A pure risk is defined as a situation in which there is
A) only the possibility of loss or no loss. B) only the possibility of profit. C) a possibility of neither profit nor loss. D) a possibility of either profit or loss.
What is the purpose of specialized small business investment companies?
A. They extend credit by vendors on purchases of inventory, equipment, and supplies. B. They sell common stock to the public through a regulated board such as Nasdaq without the hassle of an initial public offering. C. They assist socially and economically disadvantaged businesses with venture capital. D. They allow small businesses to reap tax advantages by selling stock shares to workers.