One advantage of outsourcing is that it:
A) gives the company a high degree of control over its operations.
B) increases the company's access to state-of-the-art products and processes.
C) protects the company's proprietary designs and processes.
D) discourages the development of the company's core competencies.
Answer: B
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Which of the following is true of price elasticity?
A) When the price elasticity equals 0, we have unitary elasticity where the percentage change in volume is equal to the percentage change in price. B) Price elasticity is almost always a negative number due to the inverse relationship between price and volume. C) Prestige products that can see an increase in demand when their prices are increased have negative price elasticity. D) Price elasticities between –1 and –10 are inelastic because the percentage change in volume is greater than the percentage change in price. E) Price elasticities between zero and -1 are considered elastic, as the percentage change in volume is less than the percentage change in price.
All of the following statements about ethical organizations are true, except
A. organizational ethics define what a company is and what it stands for. B. ethics provide a common frame of reference that serves as a unifying force. C. ethical values shape the search for opportunities. D. the potential benefits of an ethical organization are few but direct.
Answer the following statements true (T) or false (F)
The funds flow statement included only transactions affecting fund accounts.
The annual tax reporting form filed with the IRS by C corporations is the Schedule C.
Answer the following statement true (T) or false (F)