Oil companies must be aware of other firms' development of ethanol products since this is an example of which one force in Porter's model for industry analysis?
A. Bargaining power of buyers.
B. Rivalry among competitors.
C. Bargaining power of suppliers.
D. Threats of new entrants.
E. Threats of substitute products and services.
E. Threats of substitute products and services.
In an example of the threats of substitute products or services, oil companies might worry that Brazil is close to becoming energy self-sufficient because it is able to meet its growing demand for vehicle fuel by substituting ethanol derived from sugarcane for petroleum.
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The payment of employee salaries has what effect on the accounting equation?
a. Assets decrease and stockholders' equity decreases. b. Liabilities decrease and stockholders' equity decreases. c. Assets decrease and liabilities increase. d. Assets increase and liabilities decrease.
An auditor is required to establish an understanding with a client regarding the responsibilities for each engagement. This understanding generally includes:
A. management's responsibility for providing the auditor with an assessment of the risk of material misstatement due to fraud. B. the auditor's responsibility to plan and perform the audit to provide reasonable, but not absolute, assurance of detecting material errors or fraud. C. the auditor's responsibility for the fairness of the financial statements. D. management's responsibility to guarantee that there are no material misstatements due to fraud.
It has been found that providing a verbal description for each scale category consistently improves the accuracy or reliability of the data
Indicate whether the statement is true or false
Discuss the basic considerations when facing retirement
What will be an ideal response?