In broad terms, ____________ focuses on benefits created for the customer's side of the equation, and _____________ addresses the financial costs incurred by the firm
a. productivity; quality
b. reliability, value
c. security; responsiveness
d. value; reliability
e. quality; productivity
e
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When consumers share a strong need that cannot be satisfied by an existing product, they are exhibiting latent demand
Indicate whether the statement is true or false
Which of the following statements about methods of accounting for bad debts is correct?
A. The two methods of accounting for bad debts that are acceptable under GAAP are the allowance method and the direct write-off method. B. When the allowance method is used, Bad Debt Expense is equal to the write-offs that occurred during the period. C. When the allowance method is used, the journal entry to write-off an uncollectible account does not change the amount reported as Accounts Receivable, Net on the balance sheet. D. When the allowance method is used, if actual results differ from the estimates, the prior year financial statements must be corrected.
The company will decide to outsource if the fixed cost is increased to $80,000
Indicate whether the statement is true or false
The relative variation between expected losses and actual losses is called
a - objective probability. b - subjective probability. c - objective risk. d - subjective risk.