Answer:
Concurrent validation
Explantion:
Concurrent validation is employed to establish documented proof that a facility and process will function as they are intended, on the basis of information gotten during actual use of the process.
Concurrent validity is a type of proof that can be assembled to justify the use of a test for predicting other outcomes.
Answer:
Date Account Title Debit Credit
12/31 Cash $23,000
Patent $85,000
Accounts Receivable $38,000
Accounts Payable $10,000
Allowance for doubtful debt $2,000
Capital $134,000
Answer: Marketopia has a comparative advantage in the production of pies.
Explanation:
The bakery with the comparative advantage in any of the goods is the one that has a lower opportunity cost in making it.
Marketopia.
Opportunity cost of Cookies = 18/30 pies = 0.6 pies
Opportunity cost of pies = 30/18 pies = 1.67 cookies
Econladia
Opportunity cost of Cookies = 9/90 pies = 0.1 pies
Opportunity cost of pies = 90/9 pies = 10 cookies
<em>It is shown that Marketopia has a comparative advantage in the production of pies because the opportunity cost of such is 1.67 cookies as opposed to Econladia which is 10 cookies. </em>
Answer:
the last step of the planning process, implementation of the plan. This is when all the other functions of management come into play and the plan is put into action to achieve the objectives of the organization.