A survey is reliable when it measures what it was designed to measure
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Surveys can provide invaluable insights, but only if they are reliable (would produce identical results if repeated under similar conditions) and valid (measure what they're supposed to measure).
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Classically innovative products are commonly called new-to-the-company products
Indicate whether the statement is true or false
In deciding whether to sell a product or to process it further, which of the following costs are relevant to the decision?
A) Material costs incurred up to the decision point. B) Costs incurred to process further. C) Overhead costs incurred up to the decision point. D) Direct materials and direct labor costs only.
What is the key difference between an agreement and a contract?
A) A contract is always enforceable in the court of law, while an acceptance may or may not be. B) A contract can only be between two individuals, while an acceptance can have two or more people involved. C) A contract requires mutual assent from all parties, while an acceptance needs only to be accepted by a majority of people involved. D) A contract need not be legally binding, while an agreement must be legally binding.
The standard term of a limited liability company is 30 years.
Answer the following statement true (T) or false (F)