According to Porter's five forces model, in which of the following situations would the supplier have the highest bargaining power?
A. a fashion designer catering to a niche market
B. a restaurant owner who serves only army veterans
C. a retailer who buys finished goods from many small suppliers
D. a defense contractor that only makes products for the U.S. Navy
E. a dealer of a patented material for smartphone manufacturers
Answer: E
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Financial statement fraud is easiest to commit in organizations that:
a. have democratic leadership. b. have complex organizational structures. c. have a large internal audit department. d. have a board of directors comprised primarily of outsiders.
Using the following accounts and a predetermined overhead rate of 130% of direct labor cost, compute the amount of applied overhead. Work in Process InventoryBeginning WIP35,200 Direct materials55,300 Direct labor? Factory overhead? To finished goods 203,300Ending WIP25,200 Finished Goods InventoryBeginning FG5,200 Cost of Goods Mfg'd203,300
A. $60,000. B. $138,000. C. $71,890. D. $78,000. E. $90,500.
Police power permits states and local governments to enact laws to protect or promote the public health, safety, morals, and general welfare
Indicate whether the statement is true or false
A defense to an action based on material omissions and untrue statements contained in a registration statement is:
a. innocent mistake. b. due diligence. c. constructive disclosure. d. reasonable diligence.