An approach for assessing risk that uses a number of possible return estimates to obtain a sense of the variability among outcomes is called scenario analysis
Indicate whether the statement is true or false
TRUE
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Analyze the following independent situations. Required: For each situation, state the likelihood of a future event and state how the contingency will be reported.
a. Company A estimates it will have to pay $85,000 in warranty repairs next year. b. Company B is being sued by a customer. Company B's attorneys feel that this is a frivolous lawsuit and there is very little chance that the customer will win. c. Company C co-signed a note payable for Company D. Company D is having serious financial problems and it is reasonably possible that Company C will have to pay the note. d. Company E is being sued for a patent infringement. Company E's attorney feels that Company E will be found liable for damages caused by the patent infringement. However, the attorney states it is not possible to estimate the amount of the award.
Which of the following is NOT true regarding humor in an after-dinner speech?
a. It should be forced. b. It should be functional. c. It should develop out of the situation you are sharing. d. It should be used to help you make a point.
Maintaining equipment in the reprographics center is an effective means of helping control the costs of the operation
Indicate whether the statement is true or false.
Which of the following statements is true about rebates?
A. Customers generally do not view the rebate process as complicated. B. Mail-in rebates are most effective in situations where consumers require a reason to purchase an item. C. Products associated with rebates are typically strong sellers. D. Rebates do not degrade a product's image or desirability. E. Marketers use rebates as a substitute for coupons.