Solutions for Midterm Exam 2

Solutions for Midterm Exam 2 - Solutions for Midterm Exam 2...

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Solutions for Midterm Exam 2 (with selected explanations) Note: The first number given is the number of the question on Version A, the second Version B. For example, “1/3” means the first question on Version A and the 3 rd question on Version B. 1/3 D 2/4 B 3/5 D 4/6 E 5/7 C 6/8 B The second part of the sentence is true – it is more cost-effective to prevent problems than correct them. However, as I noted in class, companies nevertheless have many detective controls to catch errors and other problems. Moreover, the truth of the second part of the sentence does not necessarily cause the first part of the sentence to be true. 7/9 B 8/10 A 9/11 A 10/12 B 11/13 D 12/14 B 13/15 B 14/16 D 15/17 D 16/18 A 17/19 D 18/20 B 19/21 C “B” was also frequently selected. However, inquiries of client personnel can be quite valuable, for example, with respect to inventory valuation (such as Case 3 – Part A types of issues). Some students selected “A,” but as noted in class, you might want
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Solutions for Midterm Exam 2 - Solutions for Midterm Exam 2...

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