Typically, a successful firm pursuing a differentiation strategy will:
a. have a very hierarchical structure.
b. require a structure which is very formal.
c. use cross-functional development teams.
d. develop free-standing business units.
C
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It is impractical for a subordinate to "manage" a superior.
Answer the following statement true (T) or false (F)
Which of the following statements is incorrect?
A. Accrued expenses and accrued revenues involve assets and liabilities that had not previously been recorded. B. Prepaid expenses, depreciation, and unearned revenues often require adjusting entries to record the effects of the passage of time. C. Adjusting entries can be used to record both accrued expenses and accrued revenues. D. Adjusting entries affect only balance sheet accounts. E. Adjustments to prepaid expenses and unearned revenues involve previously recorded assets and liabilities.
According to Wheelwright and Clark, which of the following project types breeds future commercial products, new systems, and novel services?
A) alliances and partnership projects B) breakthrough projects C) derivative projects D) basic research projects
WPM, Inc. has current assets of $8,000,000, current liabilities of $4,000,000, inventory of $1,320,000,
and sales of $12,000,000. What is the acid test ratio? A) 0.1 B) 1.67 C) 0.22 D) 2.0