Sally's LLC, a local supermarket, has all of the following characteristics. Which of the following characteristics of Sally's is most likely to be a more sustainable competitive advantage?
A. Extended hours of operation
B. Shared systems with vendors
C. More sales promotions
D. More employees
E. More merchandise
Answer: B
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Referring to the textbook's example of Babe Ruth, Ruth switched from being a pitcher to being an outfielder and batter because of the
a. principle of absolute advantage. b. principle of comparative advantage. c. desire to be a mercantilist. d. concept of economies of scale.
When the client has a large number of relatively small accounts receivable and the assessed level of control risk for receivables and related revenue transactions is high, the auditor is more likely to use negative confirmations
a. True b. False Indicate whether the statement is true or false
The emphasis in marketing is on the identification and satisfaction of ________
A) business needs B) marketing goals C) market needs D) customer needs
What is a homestead exemption?
A. an investment in realty that a debtor must forfeit B. equity in a home that a debtor is permitted to retain C. a remainder of the debtor's interest in commercial property that is returned to him after fulfilling creditors' claims D. all of the debtor's assets converted to cash