According to Michael Porter, which of the following is a narrow market strategy for creating competitive advantage?
A) vertical integration
B) horizontal integration
C) cost leadership
D) focused differentiation
D
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Confidence intervals may be very narrow when:
A) the sample size is large and variability is low B) the sample size is small and the variability is low C) the sample size is large and the variability is high D) the sample size is small and the variability is high E) the sample size is average and the variability is higher than average
On March 1, a business paid $3,600 for a twelve-month liability insurance policy. On April 1, the business entered into a two-year rental contract for equipment at a total cost of $18,000 . Determine the following amounts: (a) insurance expense for the
month of March (b) balance in prepaid insurance as of March 31 (c) equipment rent expense for the month of April (d) balance in prepaid equipment rental as of April 30
If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $120 and the loss resulting from that unit if it is not sold (Co) is $360, which of the following is the probability of the last unit being sold?
A. Greater than 0.90 B. Greater than 0.25 C. Greater than 0.85 D. Greater than 0.75 E. None of these
Which of the following statements is true regarding estimated closure costs for municipal solid waste landfills, assuming that it is operating as an enterprise fund?
A. The estimated closure costs are expensed fully at the time of the estimate. B. A portion of those future estimated costs is to be charged as an expense and a liability recorded based on a units-of-production method. C. Modified accrual principles apply and the amount expensed is limited to amounts expected to be paid during the year and within 60 days of year end. D. None of the above is true.