Recording incurred but unpaid expenses is an example of an accrual
Indicate whether the statement is true or false
True
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Which of the following statements is true of transportation in the context of global product distribution?
A) Global firms fail to survive in a "two-speed world" that has a high growth rate and low per capita income. B) Companies in low-growth markets need to deliver high volumes of low-cost products profitably with little infrastructure to support it. C) Companies in high-growth markets need to develop innovative and cost-competitive logistics to surpass competitors without sacrificing profit margins. D) A company with home-market competitive advantages in both upstream and downstream activities may be forced to reconfigure distribution activities to enter new global markets.
Burdick Corporation has provided the following financial data from its balance sheet: Year 2Year 1Accounts receivable, net$266,000 $250,000 Inventory$162,000 $190,000 Total assets$1,415,000 $1,390,000 Total stockholders' equity$991,000 $970,000 Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000.The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. 10.4 days B. 79.5 days C. 72.2 days D. 141.3 days
The goal of positioning is to ________
A) locate the brand in the minds of consumers to maximize the potential benefit to the firm B) discover the different needs and groups existing in the marketplace C) target those customers marketers can satisfy in a superior way D) collect information about competitors that will directly influence the firms' strategy E) help the firm anticipate what the actions of its competitors will be
Answer the following statements true (T) or false (F)
1.Cultural values can be reinforced by leaders and the systems that those leaders put into place. 2.Observing how other employees dress in an organization is an example of informational social influence. 3.There is some evidence that organizations with cultures that promote innovation and collaboration are more likely to perform better financially. 4.Culture should not be used as a mechanism to ensure the pursuit of vision, mission, and strategies that will achieve competitive advantage. 5.Strategic leaders should make sure that people get very clear signals telling them what is important and how to act.