According to Porter, in order to achieve a secure position against competitive forces, a company should:
a. position the firm such that its capabilities provide the best defense
b. redefine objectives and take cost-cutting measures
c. influence the balance of forces through strategic moves
d. both a and c
d
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Permanent differences between pretax financial income and taxable income result when
A) a company engages in fraudulent activity. B) the SEC imposes a penalty on a company. C) the IRS imposes interest on a late payment. D) the U.S. Patent Office denies a patent application.
Which of the following represents the types of data commonly found in the sales department?
A. Sales Report data B. Customer data C. Commission data D. All of these
The objectives of internal control are to
A) control the internal organization of the accounting department personnel and equipment B) provide reasonable assurance that operations are managed to achieve goals, financial reports are accurate, and laws and regulations are complied with C) prevent fraud, and promote the social interest of the company D) provide control over "internal-use only" reports and employee internal conduct
In queuing problems, which of the following probability distributions is typically used to describe the time to perform the service?
A) binomial B) normal C) Poisson D) negative exponential E) lognormal