Which of the following statements is true regarding the maturity stage of the product life cycle?
A) During this stage, the market grows rapidly.
B) Usually, competition is most intense in this phase.
C) Many new competitors enter the market.
D) This stage comes after the introduction stage.
B
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Which of the following best describes how a company should use a business plan?
A) A company should create its business plan by the end of its first year in business. B) A company should have a business plan in place from the start. C) Once in place, the business plan should be revised every month. D) Consistent internal conditions should lead management to keep the same business plan. E) Changing external conditions should not lead management to create a new business plan.
A fund manager states, "I refuse to buy any company that makes a voluntary accounting change, since it's certainly a case of management trying to hide bad news.". Can you think of any alternative interpretation?
Which of the following is not an advantage of decentralization?
A) It often creates higher job satisfaction for managers. B) It allows top-level managers more time to devote to long-range strategic planning. C) It allows lower-level managers to focus on their own particular goals and objectives without having to consider the overall company's goals and objectives. D) It permits lower-level managers to gain valuable on-the-job training in order to become better managers.
Which of the following is covered under a fire insurance policy without any extended coverage?
A. A fire caused by extreme heat in desert areas B. A fire caused by an electrical fault in a factory C. Smoke arising out of a singed electrical circuit D. Smoke damage as a result of excessively overcooked food