Which of the following is not a characteristic of resources in the concept of competitive advantage?
a. valuable
b. rare and not easily imitated
c. non-sustainable
d. non-substitutable
c. non-sustainable
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Which of the following procedures is not a substantive procedure used for testing the valuation of long-lived assets?
a. Assess management's impairment estimates. b. Inquire of management about assets that are idle. c. Develop an independent estimate of amortization expense. d. All of the above are procedures used for testing the valuation assertion.
These are all examples of which complicating factor of communication?
“Giving (someone) his or her marching orders” instead of firing the person. “Under the table” to describe an illegal or concealed transaction. “Pushing the envelope” which means to go beyond the limits of performance. a. Idiom b. Slang c. Proverb d. Euphemism
Liquidation of a corporation:
a. is carried out by a court-appointed receiver in any liquidation. b. is carried out by the board of directors, serving as trustees, in a voluntary liquidation. c. results in paying first stockholders with a liquidation preference, then outside creditors, then expenses of liquidation. d. is set up to protect stockholders and the board of directors, but not creditors.
The entire sequence of activities that add value to a company's products and services is called ________
A) the value chain B) the planning process C) TQM production chain D) Enterprise Resource Planning