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Which of the following is a key characteristic of a zero-based budget?
Which of the following is a key characteristic of a zero-based budget?A . A zero-based budget provides estimates of costs that would be incurred under different levels of activity.B . A zero-based budget maintains focus on the budgeting process.C . A zero-based budget is prepared each year and requires each...
Which of the following statements is true regarding outsourced business processes?
Which of the following statements is true regarding outsourced business processes?A . Outsourced business processes should not be considered in the internal audit universe because the controls are owned by the external service provider.B . Generally, independence is improved when the internal audit activity reviews outsourced business processes.C . The...
Which of the following is the best approach to overcome entry barriers into a new business?
Which of the following is the best approach to overcome entry barriers into a new business?A . Offer a standard product that is targeted in the recognized market.B . Invest in commodity or commodity-like product businesses.C . Enter into a slow-growing market.D . Use an established distribution relationship.View AnswerAnswer: D
Which of the following is an element of effective negotiating?
Which of the following is an element of effective negotiating?A . Ensuring that the other party has a personal stake in the agreement.B . Focusing on interests rather than on obtaining a winning position.C . Considering a few select choices during the settlement phase.D . Basing the agreement on negotiating...
Organizational activities that complement each other and create a competitive advantage are called a:
Organizational activities that complement each other and create a competitive advantage are called a:A . Merger.B . Strategic fit.C . Joint venture.D . Strategic goal.View AnswerAnswer: B
Which of the following is a disadvantage of selecting a commercial software package rather than developing an application internally?
Which of the following is a disadvantage of selecting a commercial software package rather than developing an application internally?A . Lack of flexibility.B . Incompatibility with client/server technology.C . Employee resistance to change.D . Inadequate technical support.View AnswerAnswer: A
For an engineering department with a total quality management program, important elements of quality management include all of the following except:
For an engineering department with a total quality management program, important elements of quality management include all of the following except:A . Basing performance evaluations on the number of projects completed.B . Comparing results with those of other engineering departments.C . Creating a quality council within the engineering department.D ....
Which of the following distinguishes the added-value negotiation method from traditional negotiating methods?
Which of the following distinguishes the added-value negotiation method from traditional negotiating methods?A . Each party's negotiator presents a menu of options to the other party.B . Each party adopts one initial position from which to start.C . Each negotiator minimizes the information provided to the other party.D . Each...
Which of the following borrowing options is an unsecured loan?
Which of the following borrowing options is an unsecured loan?A . Second-mortgage financing from a bank.B . An issue of commercial paper.C . Pledged accounts receivable.D . Asset-based financing.View AnswerAnswer: B
Which of the following best describes a market signal?
Which of the following best describes a market signal?A . The bargaining power of buyers is forcing a drop in market prices.B . There is pressure from the competitor's substitute products.C . Strategic analysis by the organization indicates feasibility of expanding to new market niches.D . The competitor announces a...
