Which of the following is a characteristic of an organization that uses innovation
product/service strategy?
A) The organization prefers to be conservative in its approach to new product ideas.
B) The organization has high standards for success and is not tolerant of failure in
developing products and services.
C) The organization emphasizes strong research and development capabilities.
D) The organization believes in cautiously observing its competition before it introduces a
new product into the market.
C
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Which of the following bank reconciliation items would result in a journal entry?
A) Checks outstanding B) An adjustment for a check recorded for the wrong amount C) Deposits in transit D) A bank error on the bank statement
If an employee’s maturity level is low, the situational leadership model encourages leaders to use a ______ style so that the employee will be able to comprehend what is required in order to complete a given task.
a. participating b. telling c. delegating d. selling
The liability account that presents (on the balance sheet) the amount that is currently owed to the employees of the business is the Wages Payable account
Indicate whether the statement is true or false
Which of the following is LEAST likely to be a low-cost leadership competitive advantage?
A) low overhead B) effective capacity use C) inventory management D) broad product line E) mass production