According to several research studies, which of the following findings is true of the role of quality in gaining competitive advantage?

A) Quality is negatively related to return on investment for almost all kinds of market situations.
B) A strategy of quality improvement is usually accompanied by increased short-run profitability.
C) Quality has a trivial effect on returns in most kinds of market situations.
D) Businesses offering premium-quality goods usually have large market shares.


D

Business

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When the auditor wishes to emphasize a matter in the financial statements, which of the following would the audit report contain?

a. A Qualification: Yes; An Explanatory Paragraph After the Opinion Paragraph: No. b. A Qualification: Yes; An Explanatory Paragraph After the Opinion Paragraph: Yes. c. A Qualification: No; An Explanatory Paragraph After the Opinion Paragraph: Yes. d. A Qualification: No; An Explanatory Paragraph After the Opinion Paragraph: No.

Business

________ is clearly prescribed by statute in each state, and is a matter of geographic location

It is usually based on the residence of the defendant, the location of the property in dispute, or the location in which the incident out of which the dispute arose occurred. A) Service of process B) Res ipsa loquitur C) Parley D) Venue

Business

Which ratio would you use to examine a company's ability to pay its debts in the short term?

A. Return on equity B. Earnings per share C. Acid-test ratio D. Debt to assets ratio

Business

The matrix structure is an organizational structure where employees are grouped according to products, projects, customers, or geographic functions

Indicate whether the statement is true or false

Business