To ensure sound internal control, program coding and program processing should be separated
Indicate whether the statement is true or false
T
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The Federal Communications Commission (FCC) is responsible for monitoring television advertising directed to children, in terms of the number of minutes per hour that are directed to children
Indicate whether the statement is true or false
The measurable quality of a country's distribution, financial, and communication systems is referred to as the country's ________
A) level of economic development B) standard of living C) gross domestic product (GDP) D) economic infrastructure E) business cycle
You're not sure how your reader will react to the bad news you will be delivering. What should you do?
A) Organize the bad-news message using the direct strategy. B) Organize the bad-news message using the indirect strategy. C) Send the bad news via e-mail. D) Call the reader to confirm what her reaction will be before writing the message.
The cost of capital for two mutually exclusive projects that are being considered is 12%. Project K has an IRR of 20% while Project R's IRR is 15%. The projects have the same NPV at the 12% current cost of capital. Interest rates are currently high. However, you believe that money costs and thus your cost of capital will soon decline. You also think that the projects will not be funded until the cost of capital has decreased, and their cash flows will not be affected by the change in economic conditions. Under these conditions, which of the following statements is CORRECT?
A. You should delay a decision until you have more information on the projects, even if this means that a competitor might come in and capture this market. B. You should recommend Project R, because at the new cost of capital it will have the higher NPV. C. You should recommend Project K, because at the new cost of capital it will have the higher NPV. D. You should recommend Project R because it will have both a higher IRR and a higher NPV under the new conditions. E. You should reject both projects because they will both have negative NPVs under the new conditions.