Which aspect is the most descriptive of a product operations as opposed to a service operations?

A. Customer interaction
B. Created and delivered on demand
C. Intangible aspects
D. Repetitive operations


Answer: D

Business

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Financial and managerial accounting both provide useful information, but each has a different emphasis. Briefly distinguish between financial and managerial accounting as they relate to the 1) primary users, 2) purpose of information, and 3) focus and time dimension of the information.

What will be an ideal response?

Business

When a manager intervenes in a subordinate's conflict and exerts high control over both the process and the decision, that manager is using which style of intervention?

What will be an ideal response?

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Crocus, a gift store, specializes in serving customer segments that major competitors overlook and ignore. Which of the following best describes Crocus?

A) market follower B) market challenger C) early adopter D) market nicher E) laggard

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County Water & Sewer operates a public water supply system. County Water must send to every household that it supplies with water an annual statement describing

a. County Water's financial situation and material facts that might affect it. b. other operations, such as irrigation and water conservation, in which County Water is involved and to what extent. c. parties who might be held liable if pollution problems arise. d. the source of the water, and any contaminants and health concerns.

Business