Which element in the value chain is responsible for transforming inputs into outputs?
A) Operations
B) Marketing
C) Distribution
D) All elements of the value chain do this.
Answer: A
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Which of the following statements related to the multiple-step income statement is not true?
A. Nonoperating items are reported separately from operations. B. The first section of the statement reports gross profit. C. Subtotals for total selling expenses and general and administrative expenses are reported. D. Shows only one total for expenses. E. Interest revenue is included with other revenue and gains.
Which of the following statements is true about common illegal uses of patents?
A) A tying arrangement occurs when the patent holder issues a license to use the patented object only if the licensee agrees also to buy some non-patented product from the holder. B) A tying arrangement occurs when the patent holder issues a license to use the patented object in a manner dictated by the patent holder. C) Cross-licensing occurs when two patent holders sell their patents to one another. D) Cross-licensing occurs when a patent holder extends his or her patent to cover a similar object.
Calvin is considering opening a late-night pizza parlor on the local college campus. His SWOT analysis reveals that students want more late-night options for dining. This represents a(n) ________ in the SWOT analysis.
Fill in the blank(s) with the appropriate word(s).
Social résumés focus on
A) interactivity. B) skills and job functions. C) chronological order of social events. D) the number of social contacts made.