Why is competitive advantage important to organizations?
What will be an ideal response?
The competitive advantage of an organization is its set of distinctive capabilities that give it a cost advantage or a
differentiation advantage over the competition. Companies leverage their competitive advantage to succeed
against other competitors in the market. For example, Hilton claims that its proprietary check-in computer system
gives it a competitive advantage. The system improves guest recognition during check-in and provides more
enhanced levels of service through real-time computer access to guest preferences.
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A cost object is anything for which management wants to collect or accumulate costs
Indicate whether the statement is true or false
My daughter starts her first day of ________ tomorrow
A) kindergarten B) kindergarden C) kindergartan
The accrual basis of accounting recognizes expenses when cash is paid.
Answer the following statement true (T) or false (F)
Loni, Michel, and Nita are investors in Oceanic Exploration, a business trust. A business trust is managed by its
A. directors and officers. B. general partners. C. managing members. D. trustees.