Redundancy refers to ______.
a. the duplication of critical components such that the duplicate systems operate in parallel to the original components
b. the duplication of components across the entire system such that each component in the system is duplicated
c. the creation of a second system to mimic the first system if every component of the first system should fail
d. the creation of unnecessary backup systems to provide a level of operational reliability that is not really required
a. the duplication of critical components such that the duplicate systems operate in parallel to the original components
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Which of the following is not an advantage of budgeting?
A. Provides a way to evaluate performance. B. Forces coordination among departments to promote decisions in the best interests of the company as a whole. C. Provides advance notice of potential shortages, bottlenecks, or other weaknesses in operating plans. D. Provides assurance that accounting records are in accordance with generally accepted accounting principles.
Which of the following is a sales practice that involves building, maintaining, and enhancing interactions with customers to develop long-term satisfaction through mutually beneficial partnerships?
A. Price-based selling B. Adaptive selling C. Stimulus-response selling D. Relationship selling
An executive conference center has the physical ability to handle 1,100 participants. However, conference management personnel believe that only 1,000 participants can be handled effectively for most events
The last event, although forecasted to have 1,000 participants, resulted in the attendance of only 950 participants. What are the utilization and efficiency of the conference facility?
Which of the following best describes the objective of joint cost allocation?
A. Pricing goods for sale. B. Inventory valuation. C. Making decisions about raw materials requirements. D. Making decisions about levels of production.