A small family-run business may not have the resources to support a global sourcing strategy. This situation is an illustration of a(n) ______.
a. sourcing risk
b. strategy risk
c. market risk
d. implementation risk
b. strategy risk
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If a radio conjures images that consumers can see clearly in their minds, the effect may be greater than seeing an actual visual portrayal
Indicate whether the statement is true or false
Which of the following observations concerning physical evidence is TRUE?
a. It is not useful in fighting fraud cases. b. It is more associated with nonfraud types of crimes. c. It is useful in fraud cases because fraud has physical symptoms. d. It does not involve electronic sources of information.
Which of the following scenarios is a good example of the proper implementation of a manager’s open-door policy?
a. A manager keeps the door closed to maintain efficiency but makes the rounds with employees regularly to ask if there are any problems. b. A manager keeps the door open for any concerns but closes it when an employee comes in to maintain privacy. c. A manager keeps the door open even when a person comes in to discuss a concern to make sure there is nothing hidden within a department. d. A manager keeps the door closed but encourages employees to be open and honest with each other.
Why do accountants normally calculate cost per unit as an average?
A. Some manufacturing-related costs cannot be accurately traced to specific units of product. B. Determining the exact cost of a product is virtually impossible. C. Even when producing multiple units of the same product, normal variations occur in the amount of materials and labor used. D. All of these are justifications for computing average unit costs.