The North American Industry Classification System (NAICS) permits a firm to
A. conduct an industry-wide SWOT analysis to determine internal strengths and weaknesses and external opportunities and threats of current and prospective competitors.
B. engage in benchmarking with companies manufacturing and/or marketing similar products.
C. find the NAICS codes of its present customers and then obtain NAICS-coded lists for similar firms.
D. learn the names of the purchasing agents of all prospective customers.
E. sell to any company within North America as long as it is not a monopoly.
Answer: C
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The letter of authorization and the letter of acceptance are used to
A) identify who worked on the report. B) make sure everyone is clear about the report's intent. C) introduce the report to the audience. D) acknowledge the audiences concerns. E) explain how the report addresses issues for the audience.
Cross-price elasticity is the
A. change in quantity of a product demanded divided by the change in its price. B. percentage change in quantity of a product demanded divided by the percentage change in its price. C. percentage change in quantity demanded of Product A compared to the percentage change in price of Product B. D. change in quantity of a product demanded divided by the change in its elasticity. E. change in price of Product A divided by change in quantity demanded for Product B.
Compare and contrast employee rights and the employment-at-will doctrine.
What will be an ideal response?
Tryst, Inc. has a policy of accruing $2,300 for every employee as a vacation benefit. Sarah, an employee, took a vacation. Which of the following is the correct journal entry for the vacation benefit paid?
A) Vacation Benefits Payable 1,917 Vacation Benefits Expense 1,917 B) Vacation Benefits Expense 2,300 Cash 2,300 C) Vacation Benefits Payable 2,300 Cash 2,300 D) Vacation Benefits Expense 1,917 Vacation Benefits Payable 1,917