According to the BCG Matrix, a high-growth, weak-competitive-position business is called a
A. satellite.
B. star.
C. question mark.
D. cash cow.
E. dog.
Answer: C
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In a reasonableness test, the auditor develops an expected value of an account by using data wholly or partly independent of the client's accounting information system
a. True b. False Indicate whether the statement is true or false
Adding together the ending merchandise inventory and cost of goods sold gives the amount of goods available for sale
Indicate whether the statement is true or false
Which of these statements regarding the industry life cycle is true?
A. Trends suggested by the market life cycle model are generally not reversible or repeatable. B. It is important for company generic strategies, functional areas, value-creating activities, and overall objectives. C. It points out the need to maintain a differentiation advantage and a low cost advantage. D. Partial power of the market life cycle is its ability to serve as a short-run forecasting device.
Business professional services
A. are generally treated as expense items. B. support a firm's operations. C. may not be purchased outside the firm if they are needed regularly. D. are offered by a growing number of specialists. E. All these answers are correct.