Rugman and D'Cruz have developed an alternative framework to Porter's five forces model. The framework, based on business networks, is called:
A) the differentiation model.
B) strategic intent.
C) the flagship model.
D) the hypercompetition model.
E) the Rugman & D'Cruz model.
C
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Answer the following statements true (T) or false (F)
1. A principle of Deming management is that quality should be aimed at meeting the needs and expectations of the ultimate user. 2. Twice daily, factory workers at Mountain CopperWorks select random samples from the production runs and test them for quality, rejecting runs if too many samples fall outside a standard range of acceptability. These workers are engaged in statistical process control. 3. GlobalSatellite, applying TQM, restructured its service call procedures and eliminated some steps involved so that employees can finish each call faster. Global Satellite is attempting to reduce cycle time. 4. Unlike the ISO 9000 series, the ISO 14000 series identifies standards for environmental performance.
Which of the following accounting principles requires that warranty expense must be estimated and recognized in the same period when the related sales revenue is recognized?
A) the matching principle B) the disclosure principle C) the revenue principle D) the consistency principle
The classification and normal balance of the supplies expense account is a(n)
A) asset with a debit balance B) asset with a credit balance C) expense with a debit balance D) liability with a credit balance
An entrepreneur is looking for funds to form a prototype and pitch the product. Which of the following should NOT be considered at this stage?
a. crowdfunding b. family and friends c. personal loans d. venture capitalists