Anything that gives a firm a lead over its rivals is called ________
A) economies of scale
B) business growth
C) break-even
D) competitive advantage
D
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Rachel did whatever was possible to avoid engaging in any conflict with her roommates. What conflict style is Rachel expressing?
A. avoiding style B. competing style C. collaborative style D. accommodating style
Jones went to C & C Bank to apply for a loan on a home he wanted to purchase. C & C Bank loaned the money to Jones because he had excellent credit. C & C never inspected the property Jones was purchasing. Two weeks later, five rusty and leaking 55-gallon drums of a toxic substance were found buried in a creekbed in Jones' backyard. Jones and the Bank's position with regard to liability for
cleanup on the property would be: a. that CERCLA could not impose strict liability for owners of or lenders of purchase money for contaminated property even if they acquired the property with knowledge of contamination. b. that they would not be liable as innocent landowners as provided for in SARA and they would have an automatic defense. c. that if the Bank and Jones made all appropriate inquiry into the previous ownership and uses of the property before purchase, they may not be liable. d. that if it could be proven that neither Jones nor the bank unlawfully disposed of the toxic waste, they could not be found liable under CERCLA.
From watching his wife struggle to keep track of the family finances, Intuit founder Scott Cook identified the need for easy-to-use financial software that provided a single place for managing bills, bank accounts, and investments. This is an example of which innovator DNA trait?
A. observing B. associating C. networking D. experimenting
Peanut Corporation acquired 80 percent of Snoopy Company's voting shares on January 1, 20X8, at underlying book value. On Dec. 31, 20X8, it also purchased $500,000 par value 8 percent Snoopy bonds, which had been issued on January 1, 20X5 to Schulz Corporation (unaffiliated with either Peanut or Snoopy) at a $45,000 premium. The bonds were originally issued with a 12-year maturity and pay interest annually on December 31. During preparation of the consolidated financial statements for December 31, 20X8, the following consolidating entry was included in the consolidation worksheet: Bonds Payable500,000 Bond Premium33,769 Loss on Bond Retirement16,875 Investment in Snoopy Company Bonds 550,644Based on the information given above, what was the carrying amount of the bonds on Snoopy's
books on the date of purchase? A. $500,000 B. $550,644 C. $516,875 D. $533,769