We have obtained access to the company's operational data. We have been asked to produce a report with an item by item analysis of sales, but the only sales figure available is the total sale value for each order. This is an example of ________
A) dirty data
B) inconsistent data
C) nonintegrated data
D) a "wrong format" problem
D
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At the beginning of the year a company had a debit balance in the account Market Adjustment--Trading Securities. During the year the company did not buy or sell any trading securities, but at the end of the year the related market adjustment account had a credit balance. This change indicates that
a. a loss on the income statement was recognized. b. a gain on the income statement was recognized. c. the value of the investment account increased. d. the value of the investment account decreased.
Firm X and Firm Y are competitors within the same industry. Firm X produces its product using large amounts of direct labor. Firm Y has replaced direct labor with investment in machinery. Projected sales for both firms are 15% LESS than in the prior year. Which statement regarding projected profits is TRUE?
A) Firm X will lose more profit than Firm Y B) Firm Y will lose more profit than Firm X C) Firm X and Firm Y will lose the same amount of profit. D) Neither Firm X nor Firm Y will lose profit.
Ellen has been in business for less than 3 months. Because she wants to build the client base, she concentrated primarily on marketing and neglected the operations. Which of the following would be the likely cause of failure?
a. lack of ability b. process inadequacy c. uncertainty d. inattention
Before implementing a mandatory safety standard, the Consumer Product Safety Commission must find that __________ are inadequate
a. voluntary standards b. safety guidelines c. product designs d. warnings