________ is an internal method of recruitment in which notices of available jobs are displayed in central locations throughout an organization and employees are given a specified length of time to apply for the available jobs.
A. Campus recruiting
B. Job posting and bidding
C. Employee referral
D. Job sharing
Answer: B
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According to the product life cycle theory, trade between countries is caused by
a. diseconomies of large scale production. b. differences in per-capita income levels. c. the occurrence of monopolies and oligopolies. d. changing patterns of comparative advantage.
The type of planning that involves long term decisions, such as defining the scope of the business and deciding what products to make is known as:
A. Continuous planning B. Strategic planning C. Operations budgeting D. Capital budgeting
Which of the following statements is true regarding the early stages of the product life cycle?
A) competition is generic B) there are several competitors C) products are positioned against a particular competitor D) positioning decisions focus more on differentiating benefits and features
The Income Summary account is used to:
A. Replace the Retained earnings account in some businesses. B. Adjust and update asset and liability accounts. C. Close the revenue and expense accounts. D. Determine the appropriate dividend amount. E. Replace the income statement under certain circumstances.