Explain what is meant by the data perspective.
What will be an ideal response?
The data perspective focuses on an analysis of what data the organization captures and uses, the definitions and relationships of the data, while ignoring how or where the data are used by the organization. This perspective would focus on the important data but would not be concerned with how the data are to be used within the organization. In addition, the data perspective focuses on the most efficient and effective way to capture the data to ensure accuracy and uses tools that describe the data that the system uses.
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Financial information for Retro Designs includes the following selected data: Net income (in millions)$175 Preferred stock dividends (in millions)$25 Average common shares outstanding (in millions) 250 Stock price$10.00 What is the company's price-earnings ratio?
A. 5.7. B. 15.0. C. 14.3. D. 16.7.
Audit documentation should contain which of the following?
a. A heading that includes the name of the audit client, an explanatory title, and the balance sheet date. b. The initials or electronic signature of the auditor performing the audit test and the date the test was completed. c. The initials or electronic signature of the manager or partner who reviewed the documentation and the date the review was completed. d. All of the above.
Identify the most common reasons why business plans fail.
What will be an ideal response?
Gary Silva, senior vice president of sales, U.S. Auto Parts Group at Genuine Parts, says NAPA doesn't have a cookie-cutter layout but builds stores based on market need, with each designed independently. "It would be easier if all the stores had the exact same layout, but it's not the right thing to do for independent owners because some areas have more professional customers and others have more do-it-yourselfers," he explained. From this information, you know that NAPA targets both ________ markets.
A. demographic and psychographic B. domestic and international C. business and consumer D. non-controllable and controllable E. internal and external