Changes in competitors, sales and profits in an industry over time are referred to as:
A. shake-out.
B. transformational competency.
C. industry dynamics.
D. retrenchment.
Answer: C
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If a company uses $1410 of its cash to purchase supplies, the effect on the accounting equation would be:
A. One asset increases $1410 and another asset decreases $1410, causing no effect. B. Assets decrease $1410 and equity increases $1410. C. Assets decrease $1410 and equity decreases $1410. D. Assets increase $1410 and liabilities decrease $1410. E. Assets increase $1410 and liabilities increase $1410.
To be successful, leaders need to design control systems that ______.
a. include both rewards and punishments b. are not too rigid, excessive, or intrusive c. that are aligned with the firm’s mission and the leader’s vision and strategic goals d. are low in cost to implement so that an organization can maintain its competitive advantage.
Because verbs also signal _____________ through their different tenses, they are potentially the most important words in a sentence
a. gender b. authority c. symbolism d. time
The AICPA Health Care Guide does not require a performance indicator in the financial statements of private sector not-for-profit health care providers.
Answer the following statement true (T) or false (F)