Why might a company address the issue of noise, as defined in the communication model, by purchasing a block of pages in a magazine to advertise its brand?
What will be an ideal response?
Noise is anything that interferes with effective communication. The rationale for the purchase of a block of advertising is that the reader will not be distracted with other ads, particularly those of the competition.
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Does a qualified opinion on management's assessment of internal controls over the financial reporting system necessitate a qualified opinion on the financial statements? Explain
The expected annual usage of a specific raw material used in the production process is 250,000 units, and standard order size is 25,000 units. The invoice cost of each unit is $75, and the cost to place one purchase order is $150 . The estimated annual order cost is:
a. $6,000 b. $1,500 c. $15,000 d. $12,000
Vouchers should be used for purchases of inventory and all other expenditures made within a company.
Answer the following statement true (T) or false (F)
Z is a standard normal random variable. The P(Z > 2.11) equals
a. 0.4821 b. 0.9821 c. 0.5 d. 0.0174