In designing its smartphones, Samsung copied the look, feel, and technological attributes of the Apple iPhone. By copying Apple, Samsung was able to improve its market position. According to the Stalk and Lachenauer book, this is an example of strategy to
A. plagiarize with pride.
B. raise competitor costs.
C. unleash massive and overwhelming force.
D. deceive the competition.
Answer: A
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Which of the following is one of the four core ethical principles that the International Ombudsperson Association’s Code of Ethics suggests an ombudsperson must have?
a. confidentiality b. loyalty c. dependence on executive leadership d. forcefulness
Woods Company made an ordinary repair to a delivery truck at a cost of $500. Woods' accountant debited the asset account, Equipment. Was this treatment an error, and if so, what will be the effect on Woods' financial statements?
A. Yes, in the years following, net income will be overstated. B. No, the repair was accounted for correctly. C. Yes, the error understated net income. D. Yes, the error overstated assets and net income.
Answer the following statements true (T) or false (F)
1. Audiences typically like and are persuaded by examples. 2. Argument by analogy refers to a general relationship or correlation of two ideas or concepts. 3. Arguments by analogy can be literal or metaphorical. 4. When you describe an idea or concept as part of your persuasive appeal, you are engaged in an argument by definition. 5. Research has demonstrated that telling a narrative or story that demonstrates causation can be effective in persuading others.
Which of the following journal entries would decrease stockholders' equity?
A. Debit Insurance Expense and credit Cash. B. Debit Supplies and credit Accounts Payable. C. Debit Deferred Revenue and credit Service Revenue. D. Debit Prepaid Insurance and credit Cash.