Which of the following is the least effective approach to quantifying expected benefits of an IT project?
A. Find out what other firms experienced in similar situations
B. Consult with experts
C. Review options with the hardware vendor
D. Use simulation software
Answer: C
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In the EPQ model, if the annual demand in units is D, the cost per setup is K, and the optimal or economic production quantity is Q, then the total annual setup costs are given by ______.
A. (D/Q) x K B. (Q/D) x K C. (K/Q) + D D. (D/K) + Q
For salespeople who practice ________, an unsuccessful close one day may lay the groundwork for a successful close during the next meeting.
A. relationship selling B. role playing C. transactional selling D. delayed preapproach E. sales support promotion
Contract law is primarily:
a. federal statutory law b. state common law c. federal common law d. state statutes e. international code law
What's the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%?
A. $4,750 B. $5,000 C. $5,250 D. $5,513 E. $5,788