Which is the correct order of hierarchy of process design?
a. Activity, task, process, value chain
b. Value chain, process, task, activity
c. Process, value chain, activity, task
d. Value chain, process, activity, task
D
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Which of the following statements is correct?
A. The short-term pension risk ratio is calculated by dividing the projected benefit obligation by the market value of common stock. B. Firms with high marginal tax rates tend to have lower funding ratios. C. The funded status of a pension plan does not throw light on cash flow problems. D. Firms with less stringent capital constraints tend to have higher funding ratios.
Which of the following occurs when, based on sample results, control risk is assessed excessively high?
a. Audit inefficiency. b. A less expensive audit. c. Reduction of substantive testing. d. Errors that are more likely to occur than anticipated.
In reviewing media trends in the early 21st century, it is clear that ________
A) major publics are not as sophisticated as they once were B) the public has largely turned away from mainstream media C) print media is still the most widely read among influential publics D) publics now get their news from a wide range of broadcast and online sources
In general, how many suppliers should constitute a firm’s supplier base?
a. Many b. Few c. Very many d. Ten