Bender Day 9 Flashcards by Joe Rhodes | Brainscape

Q

ERM: Governance and Culture
DOVES

A

Desired culture
Oversight
Values
Employees
Structure of organization

MCQ-06257

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Q

Entry into Monopolistic Competition is:

A

Relatively easy, with only few obstacles

MCQ-03438

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Q

Characteristics of Monopolistic Competition:

A

numerous firms with differentiated products
ease of entry - few barriers
firms exact some influence over price and market
non-price competition is frequent and critical

MCQ-03438

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Q

Define: Residual Risk

A

The risk that remains after MGMT responds to the risk

MCQ-06762

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Q

What activities would be considered a cost of quality?

A

Costs incurred in detecting defective products before they are shipped to customers
Costs incurred in detecting defective products during production
Costs incurred after defective products have been shipped to customers

MCQ-03897

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