Which action is a cause for erosion of a small firm's focus strategy?
A. Consumer demand grows.
B. New firms reconstruct the industry.
C. Differences between segments grow larger.
D. The focus strategy is imitated.
Answer: D
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A system of words represented by symbols and used for a common purpose by a group of people is called (a) ______.
a. tongue b. symbols c. language d. semantics
On January 1, 2016, Pistachio purchased an asset that had an estimated residual value of $700 after an economic life of four years. Pistachio used sum-of-the-years'-digits depreciation and recorded $1,560 of depreciation expense in 2018. What was the cost of the asset?
A) $5,900 B) $7,100 C) $4,500 D) $8,500
For an index number, the base year is set at 100 percent
Indicate whether the statement is true or false
Which of the following statements are not required under Germany’s accounting standards?
a. The Balance Sheet b. The Income Statement c. The Cash Flow Statement d. All of the above are required