The upper-level managers of Brooms International, a 120-year-old broom and mop manufacturing company, realize that their production facility is outdated. Therefore, they know their competitors, with newer production plants, have gained a competitive advantage over their organization. This is an example of an external weakness.

a. True
b. False


b. False

Business

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________ are mandatory laws and provisions that specify the characteristics of products; the processes and production methods for creating products; and the terminology, symbols, packaging, marking, or labeling requirements for products, processes,

or production methods. A. Stabilization clauses B. Technical regulations C. Rules of origin D. Safeguards

Business

A machine with an original cost of $120,000 and no salvage value had an estimated useful life of 6 years, but after 4 complete years, it was decided that the original estimate of useful life should have been 8 years. Assuming the company uses straight-line depreciation, the amount of depreciation expense in year 5 is:

A. $80,000 B. $10,000 C. $20,000 D. $5,000 E. $12,000

Business

Jose and Maria would like "open-perils" coverage on their home and their personal property. Which unendorsed homeowners form provides this coverage?

A) Homeowners 2 B) Homeowners 3 C) Homeowners 4 D) Homeowners 5

Business

Which of the following does the textbook NOT provide as an example of a corporation’s sustainability efforts?

a. Sea World’s program to nurse sick animals back to health b. General Electric’s Ecoimagination program c. Unilever’s firm-wide sustainable living program d. Toyota’s hybrid car

Business