Resource and capability analysis is designed to
A. ascertain which of a company's resources and capabilities are competitively valuable.
B. ascertain to what extent a competitor can sustain a competitive advantage.
C. stimulate demand for a product.
D. stimulate economic growth for companies within the industry.
E. ascertain the internal marketplace of non-distinct divisions of the company.
Answer: A
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A gain or loss that qualifies for extraordinary treatment on the income statement must have which of the following qualities? I. Unusual in Nature II. Discontinued Segment III. Infrequent in Occurrence IV. Nonoperating in Nature V. Never Occurred
a. I and V b. III and IV c. I and III d. I, II, and III
If P(A) = 0.7, P(B) = 0.6, P(A?B) = 0, then events A and B are
A. supplementary events. B. mutually exclusive. C. independent events. D. complements of each other.
Lots of Locks is an upscale hair salon with eight stylists. Its budget information follows: Budgeted direct labor cost $320,000 Budgeted overhead 160,000 Budgeted labor rate per hour $20 Since all of the stylists are paid the same rate, the proprietor allocates overhead to jobs based on direct labor hours. Angela Arnold brought her wedding party to Lots of Locks for styling. It took four
designers two hours each and the supplies totaled $50 . How much overhead was applied to the Arnold job? a. $50 b. $80 c. $160 d. $500
Answer the following statements true (T) or false (F)
The Journal of Accountancy was founded by the American Association of Public Accountants in 1905.