A cover letter should include all the following, EXCEPT:
a. identification of the research firm conducting the study
b. acknowledgement of reasons for nonparticipation in surveys.
c. the sampling method used in selecting the sample.
d. the approximate time needed to complete the survey.
e. advance thank-you statement for willingness to participate.
Answer: c. the sampling method used in selecting the sample.
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With a fixed-price contract, the greatest risk is typically assumed by:
A) the purchasing company. B) the vendor. C) both the purchasing company and the vendor. D) neither the purchasing company nor the vendor.
It is misleading to call a cost-volume-profit graph a break-even graph. Why?
A) The graph reveals more information than the break-even point. B) The graph does not show the break-even point. C) The main purpose of the graph is to show the cost drivers for different activity levels. D) The main purpose of the graph is to show the margin of safety.