When considering SWOT analysis, which of the following elements are unique and constitute the staring point for a discussion of a firm's competitive advantage?
A. ST elements
B. OT elements
C. SW elements
D. All elements of the SWOT analysis are equally likely to be common across different firms within an industry.
Answer: C
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Which of the following would appear as an extraordinary item on the income statement?
a. loss resulting from the sale of fixed assets b. gain resulting from the disposal of a segment of the business c. loss from land condemned for public use d. liquidating dividend
Conducting marketing research periodically allows management a method of monitoring company performance in order to spot problems early
Indicate whether the statement is true or false
On January 1, a company purchased a five-year insurance policy for $1,800 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry at the end of the first year is:
A. Debit Prepaid Insurance, $1,440; credit Insurance Expense, $1,440. B. Debit Prepaid Insurance, $1,800; credit Cash, $1,800. C. Debit Insurance Expense, $360; credit Prepaid Insurance, $1,440. D. Debit Prepaid Insurance, $360; credit Insurance Expense, $360. E. Debit Insurance Expense, $360; credit Prepaid Insurance, $360.
The anxiety people often experience when they move from a culture with which they are familiar to one that is entirely different is known as ____________.
Fill in the blank(s) with the appropriate word(s).