In the market structure method, niche firms generally have the smallest market shares
Indicate whether the statement is true or false
TRUE
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As an in-charge auditor, you are reviewing a summary of control weaknesses in cash disbursement procedures. Which one of the following weaknesses, standing alone, should cause you the least concern?
A. Checks are signed by only one person. B. Treasurer fails to establish validity of names and addresses of check payees. C. Cash disbursements are made directly out of cash receipts. D. Signed checks are distributed by the controller to approved payees.
Days' payable measures the relative size of accounts payable
Indicate whether the statement is true or false
Which of the following is NOT a controllable element for international marketers?
a. Distribution b. Price c. Promotion d. Level of technology
When considering the graph depicting the interrelationships between efficiency and effectiveness, where does an organization ideally want to operate?
A. Upper right-hand corner. B. Lower right-hand corner. C. Upper left-hand corner. D. None of the above.