The Graduate Management Admissions Council Announced That It Would Begin

question 204

Multiple Choice

The Graduate Management Admissions Council announced that it would begin using a "palm vein" scan to eliminate proxy test taking after the FBI broke up a ring of six test takers who had taken the GMAfor 590 applicants, for a price of $3,000 each.Which ethical category does the conduct of the proxy test takers fit into?

• A)Taking something that does not belong to you
• B)Giving or allowing false impression
• C)Balancing ethical dilemmas
• D)Organizational abuse

Identifying the production capacity and understanding the implications of bottlenecks in manufacturing.

Recognizing non-value added activities and understanding root cause cost drivers in manufacturing processes.

Comprehending the concept of cost drivers and their analysis in cost management.

Grasping the importance and the method of monitoring activity-based performance measures.

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Definitions:

PHStat

A software tool that works with Microsoft Excel to perform statistical analysis.

Terminal Value

The estimated value of an asset at the end of an investment horizon or the continuing value of a business beyond the forecast period.

Clinical Trials

Research investigations in which human participants are assigned to test the effectiveness and safety of new treatments or interventions.

Terminal Value

In finance, the terminal value estimates a business's worth at the end of all forecasted cash flows, typically beyond a five-year projection.