In many cases, companies that enter a market after innovative products have been introduced can achieve long-term competitive advantages by continuing to develop a better mousetrap. For example, VisiCalcwas the first company to introduce a desktop spreadsheet program, but Lotus Notes cornered a large market share when it introduced the 1-2-3 program. Today, however, Microsoft's Excel is the dominant spreadsheet software program and has continued to endure due to the popularity of the Microsoft Office Suite of products. VisiCalc possessed a ___________ advantage while Microsoft enjoyed a ___________ advantage.
A. first-mover; late-mover
B. late-mover; first-mover
C. sustainable; unsustainable
D. economic; technological
Answer: A
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On a statement of cash flows prepared using the direct method, cash received from selling merchandise is considered a ________.
A) cash inflow from investing activities B) cash inflow from operating activities C) cash outflow from financing activities D) cash outflow from investing activities
A retailer determines the value of a downtown retail site through monitoring pedestrian traffic counts. This illustrates which data collection technique?
a. survey b. observation c. experimentation d. simulation
Rochester, an Asian country, follows an economic system that facilitates private ownership. The country's economy is based on economic freedom and fair competition. Given this information, the economic system followed by Rochester is _____.
A. socialism B. totalitarianism C. capitalism D. communism
When Designing Application Components, which characteristics of use cases are helpful to define component boundaries? (choose all that apply)
a. Must be installed concurrently b. Require the same security level c. Sharing common data d. Similarities in actors e. Have the same pre-conditions f. Triggered by same events