Theeconomic, trade, financial, and tax systemis among the12 key drivers of manufacturing competitiveness in a global market.
Answer the following statement true (T) or false (F)
True
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GAAP require that research and development costs to develop a new product be
a. capitalized in the patents account. b. expensed in the period incurred. c. capitalized in the research and development costs account. d. amortized over the expected economic life of the new product.
Which of the following steps involves a plan being proposed with respect to profitability and market share objectives for a specified planning horizon?
A) marketing budget B) situation analysis C) SWOT analysis D) strategic market plan E) revenue plan
Because a time clock is used, no supervision is required when employees enter and leave the work place
Indicate whether the statement is true or false
The text states, “Capitalism has an inherent contradiction.” What does that mean?
a. Capitalism ultimately lowers the amount of wealth in an economy. b. Competition is supposed to help the average worker succeed, but it only helps owners and managers. c. Competition is designed to be ethical but actually forces unethical behavior. d. Competition naturally leads to monopoly, which ends competition.