Porter is best known for work on which of the following?
a. The Organization Man
b. Strategy as practice
c. Competitive advantage
d. All of the above
c. Competitive advantage
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Which of the following statements is true concerning the matching principle?
a. All costs can be directly matched with revenue. b. All costs can be indirectly matched with periods in which they provide a benefit. c. The association of assets for a period with the liabilities necessary to generate the assets is known as the matching principle. d. Cost of goods sold matched with sales revenue is a classic example of direct matching under the matching principle.
________ refers to the learned and shared patterns in a society
A) Context B) Ethics C) Collaboration D) Professionalism E) Culture
Which of the following is not true regarding foreign direct investment?
A. FDI includes foreign investment in stock markets. B. FDI calculations include direct investments in equipment, structures, and organizations in a foreign country. C. FDI refers to direct investments in a foreign country, at a level sufficient to obtain significant management control. D. The world stock of outward FDI was $26.3 trillion at the beginning of 2014. E. FDI does not include exports.
Which of the items below does not appear on the work sheet?
A) adjusting entries B) the unadjusted trial balance C) closing entries D) the drawing account