Which is considered a force in the five-forces model?
A. the threat of government intervention
B. rivalry among competing firms
C. increased deregulation in an industry
D. recent technological innovation
Answer: B
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An advantage of a strong system of internal control is that less testing of the accounting system is done by the outside auditors
a. True b. False Indicate whether the statement is true or false
The rules for accounting are based upon concepts, and principles which broad and subject to an interpretation
Indicate whether the statement is true or false
All of the following would constitute a "fundamental change" to the corporation EXCEPT:
a. an amendment to the articles of incorporation. b. a merger. c. a stock dividend. d. selling off 60% of the business assets not in the regular course of business.
A hotel using yield management would ________ prices if demand is higher than expected only if the expected result is ________
Fill in the blank(s) with the appropriate word(s).