According to Porter's five forces model, an oil producer will have increased ________ if the supply of oil drops sharply.
A. threat of new entrants
B. risk of rivalry
C. threat of substitutes
D. industry coalescence
E. bargaining power
Answer: E
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Which assertion is generally the most relevant when auditing the restrictions contained in debt obligations?
a. Completeness. b. Valuation. c. Proper presentation and disclosure. d. Existence.
If a company carries safety stock and its annual carrying costs per unit are $0.30, what formula yields the total annual carrying costs?
a. $0.30 ? [(EOQ/2) + Safety stock)] b. $0.30 ? (EOQ + Safety stock) c. $0.30 ? [(EOQ ? 2) + Safety stock)] d. $0.30 ? (EOQ - Safety stock)
Canada and Mexico are the same distance from the United States, but trade is higher between the United States and Canada than with Mexico because
A. true distance is smaller between the United States and Canada. B. Americans prefer Canadian food to Mexican food. C. all three countries share the same legal system. D. there are few immigration problems with Mexico.
Which of the following is required in order to execute a successful spend analysis?
A) graphics capabilities found in charting packages and Visio B) a sophisticated statistical software package such as SPSS or SAS C) ability to analyze large quantities of data D) a minimum of six months uninterrupted work time