1. The proper sequence of activities in follow-up and control is:
a. establishing standrds, measuring performance, and taking corrective actiont
b. taking corrective action, establishing standrds, measuring performance
c. measuring performance, taking corrective action, establishing standrds
d. taking corrective action, measuring performance, establishing standrds
2. The Alliance Corp. expects to sell the following number of units of copper cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability Units Price A 0.70 225 $ 20 B 0.10 370 35 C 0.20 510 45
What is the expected value of the total sales projection? Total expected value $