What separates a powerful strategy from a run-of-the-mill or ineffective one?
A. management's ability to forge a series of actions, both in the marketplace and internally, that sets the company apart from rivals and produces sustainable competitive advantage
B. whether it allows the company to maximize shareholder value in the shortest possible time.
C. the speed with which it helps the company achieve its strategic vision
D. the proven ability of the strategy to generate maximum profits
E. the ability of the strategy to keep the company profitable
Answer: A
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Kedzie Company determined that the book basis of its liability for "other postretirement benefits" (OPEB) exceeded the tax basis of this account by $10,000,000. This basis difference is characterized as:
A. Unfavorable permanent difference. B. Favorable permanent difference. C. Deductible temporary difference. D. Taxable temporary difference.
On December 1, Victoria Company signed a 90-day, 7% note payable, with a face value of $6000. What amount of interest expense is accrued at December 31 on the note? (Use 360 days a year.)
A. $105 B. $35 C. $420 D. $70 E. $0
Negotiable instruments:
a. include drafts, promissory notes, assignments, and certificates of deposit. b. are used primarily for smaller transactions. c. in the form of checks have decreased in use since 2000. d. have increased in usage to the point where they are now approximately equal to usage of cash for payments.
Rich Tavern Brewing Corporation threatens Small Pub Artisanal Ale Company with a suit for trademark infringement. The suit is described on Facebook and Twitter, where large companies' threats to sue small companies for trademark infringement are generally met with
a. displeasure. b. donations. c. offers of legal representation at no charge. d. none of the choices.