Most markets involve two parties. How many does the insurance market have?
A) 1
B) 2
C) 3
D) 4
C
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The income statement helps users
A) assess the company's risk. B) review the impact of economic factors affecting the company. C) compare and contrast performance against a competitor. D) All of these answer choices are ways in which the income statement helps users.
Self-awareness refers to the ability of people to
A. be able to recover quickly from emotional experiences. B. harness emotions and employ them to improve their chances of being successful in whatever they are seeking to do. C. understand the types of emotions they are experiencing, acknowledge them, and express them naturally. D. block out any sensation of emotions as they move through life in pursuit of specific goals. E. recognize and understand the emotions that other people are feeling.
If activity-based costing is implemented in an organization without any other changes being implemented, total overhead manufacturing costs will
a. be reduced because of the elimination of non-value-added activities. b. be reduced because organizational costs will not be assigned to products or services. c. be increased because of the need for additional people to gather information on cost drivers and cost pools. d. remain constant and simply be spread over products using different cost drivers.
Differentiate between unattractive and attractive competitive environments using Porter's model of competitive environment, and give an example for each situation.
What will be an ideal response?