Compare and contrast small companies with large ones
What will be an ideal response?
Answer: Small companies tend to differ from large ones in a variety of important ways. First, most small firms have a narrow focus, offering fewer goods and services to fewer market segments. Second, unless they are launched with generous financial backing, which is rare, small businesses have to get by with limited resources. Third, smaller businesses often have more freedom to innovate and move quickly. As they grow larger, companies tend to get slower and more bureaucratic. In contrast, entrepreneurial firms usually find it easier to operate "on the fly," making decisions quickly and reacting to changes in the marketplace.
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Which of the following phrases or terms regarding materiality is used by the Supreme Court of the United States and is not found in FASB Concepts Statement No. 2?
a. "amount of a misstatement or omission" b. "in light of surrounding circumstances" c. "probable that the judgement of a reasonable person" d. "significantly altered the total mix of information available"
Identify the four Ps in the following description: Rosa Alvarez markets 23 different varieties of salsa in 8-ounce and 12-ounce bottles at supermarkets in the southwestern United States. The 8-ounce bottle sells for $5
95, and the larger size sells for $7.95. Periodically, she sets up a table in one of the marketplaces that carries her salsa brand and offers customers a sample. She recently received considerable publicity for being the "Hispanic Entrepreneur of the Year."
Explain the three types of conflict and how they can be good for the organization.
What will be an ideal response?
In an unbalanced transportation model, all constraints are equalities
Indicate whether this statement is true or false.