In the five-forces model, conditions under which a supplier group can be powerful include all of the following except
A. high differentiation by the supplier.
B. dominance by a few suppliers.
C. readily available substitute products.
D. lack of importance of the buyer to the supplier group.
Answer: C
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The World Trade Organization was established by the ____ of multilateral trade negotiations.
a. Kennedy Round b. Tokyo Round c. Uruguay Round d. Clinton Round
Which of the following statements is true of workers' compensation?
A. "Work-related injuries" implies injuries arising out of employment or those that are related to the type of employment involved. B. Employers are required to report on-the-job fatalities and injuries that require hospitalization within 72 hours. C. Injuries occurring on the way to and from the job are considered to be within the course of employment. D. The secretary of labor authority is delegated to establish detailed health and safety standards that must be complied with by employees only.
Centralization means that
A. All the activities for which a manager is responsible are performed in the same building. B. A manager may delegate many activities to a lower-level subordinate. C. Similar activities found throughout an organization are placed under the jurisdiction of one individual. D. Several individuals located throughout the organization may have jurisdiction over similar activities.
Because management accountants prepare and analyze financial information used by company decision-makers, they are considered to be at the forefront of Statement of Ethical Professional Practice.
Answer the following statement true (T) or false (F)