What are the three approaches for estimating benefit magnitude?

What will be an ideal response?


The three approaches are (1) direct estimation, (2) benchmarking, and (3) internal assessment.

Business

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Consumers can use a national company called Service Magic to receive bids from quality providers of a variety of services, including home remodel, landscaping, plumbing, and housecleaning. Service Magic charges service providers for the leads it provides to them monthly. Which of the following is the source of Service Magic's strategic position?   

A. Low-profit margin and many customers. B. Broad needs and few customers. C. Broad needs and many customers. D. High-profit margin and many customers. E. High-profit margin and few customers.

Business

As a general rule, minors may disaffirm their contracts at any time during their minority and for up to one year after attaining majority.

Answer the following statement true (T) or false (F)

Business

As stated in the text, the major motivation for immigration is a

A. safer, more secure environment. B. more stimulating environment. C. better economic situation. D. chance to leave urban areas for a rural lifestyle.

Business

Which of the following is not characteristic of a process cost system

A) The system may use several work in process inventory accounts. B) Manufacturing costs are groups by department rather than by jobs. C) The system accumulates costs per job. D) The system emphasizes time periods rather than the time it takes to complete a job.

Business