A strategic group
A. consists of those industry members that are growing at about the same rate and have similar product line breadth.
B. includes all rival firms having comparable profitability.
C. is a cluster of industry members with similar competitive approaches and market positions in the market.
D. is made up of those firms having comparable profit margins.
E. consists of those firms whose market shares are about the same size.
Answer: C
You might also like to view...
The role of the accountant/internal auditor in the conceptual design phase of the Systems Development Life Cycle includes all of the following except
a. the accountant is responsible for designing the physical system b. the accountant is responsible to ensure that audit trails are preserved c. the internal auditor is responsible to confirm that embedded audit modules are included in the conceptual design d. the accountant is responsible to make sure that the accounting conventions that apply to the module are considered by the system designers
On March 1, Bartholomew Company purchased a new stamping machine with a list price of $87,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $3000; sales tax paid, $6520; installation costs, $1850; routine maintenance during the first month of operation, $2900. What is the cost of the machine?
A. $96,920 B. $92,170 C. $94,020 D. $82,650
An advantage of a production line process is:
A) the volume of output needed to justify the investment. B) the degree of flexibility of the process. C) the per unit cost of items produced on the line. D) the range of output typically produced on such a process.
All of the following statements related to current liabilities for U.S. GAAP and IFRS are true except:
A. The term provision is typically used under IFRS to refer to what is titled liability under U.S. GAAP. B. When there is little uncertainty surrounding current liabilities, both require companies to record them in a similar manner. C. When there is a known current obligation that involves an uncertain amount, but one that can be reasonable estimated, both require similar treatment. D. The definitions and characteristics of current liabilities are broadly similar for both U.S. GAAP and IFRS. E. Because tax regulatory systems of countries are different, the approach to recording taxes is totally different.