Which of the following factors, listed in a situation analysis for a major U.S. auto manufacturer, is the best example of a threat?
A. A New York law firm has filed a $10 million class action suit against the company on behalf of car owners whose gas tanks exploded.
B. The company has lower manufacturing costs than its key competitors, allowing it to sell its cars at low prices.
C. The factory that manufactures a new, popular car cannot build enough vehicles to meet the demand, while other factories have excess capacity.
D. Due to outdated engine technology, the company's cars get lower gas mileage than those of major competitors.
E. Recent consumer studies have indicated that Chinese consumers prefer American cars.
Answer: A
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Buffalo Company reported a December 31 ending inventory balance of $412,000. The following additional information is also available: The ending inventory balance of $412,000 did not include goods costing $48,000 that were purchased by Buffalo on December 28 and shipped FOB destination on that date. Buffalo did not receive the goods until January 2 of the following year. The ending inventory balance of $412,000 included damaged goods at their original cost of $38,000. The net realizable value of the damaged goods was $10,000. Based on this information, the correct balance for ending inventory on December 31 is:
A. $422,000 B. $438,000 C. $374,000 D. $460,000 E. $384,000
In a limited partnership:
a. all partners have limited liability. b. only general partners have limited liability. c. only limited partners have limited liability. d. limited partners have no liability. e. no partner has any liability.
A(n) ________ acquires knowledge in a specific market in which the organization purchases significant quantities of materials and services
What will be an ideal response?
Answer the following questions regarding financial reporting by private not-for-profit organizations. (1) What are the financial statements required for all private not-for-profit organizations? (2) What organizations are required to present a Statement of Functional Expenses? (3) What are the three classes of Net Assets?
What will be an ideal response?