The market structure method of competition identification is useful for finding direct
competitors.
Indicate whether the statement is true or false
TRUE
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Claiming personal travel as a business expense, a personal lunch as a business lunch, altering a receipt to reflect a higher amount than was actually paid, or submitting fictitious receipt is an example of which of the following?
a. a billing scheme b. a payroll disbursement scheme c. a register disbursement scheme d. an expense reimbursement scheme
The notion of competitive advantage means that:
a. a successful firm will stake out a position unique in some manner from its rivals. b. the advantage can be enjoyed only for a short period. c. a company manufactures products which are similar to those of its competitors. d. an established firm focuses solely on developing a low-price competitive advantage.
Answer the following statements true (T) or false (F)
1. Calls for increased levels of employee empowerment in the modern workplace neglect the reality that the U.S. workforce is less educated, on average, than the workforce of the 1940s-1970s. 2. The adversarial "us" against "them" mentality that often plagues employment relations today can be attributed, in part, to principles of scientific management on Taylorism. 3. Taylor's vision of scientific management as a "win-win" for unions and management has largely proven to be true. 4. Craft unions embraced the concepts and principles of scientific management. 5. Fordism was a specialized case of applying scientific management principles to assembly line production.
The person who receives the proceeds from an insurance policy is the
A. owner. B. testator. C. insurer. D. beneficiary.