________ occurs when weaker companies are eliminated, and the strong companies survive.
A. Cannibalization
B. Industry shakeout
C. Scaffolding
D. Economic fluctuation
E. Downsizing
Answer: B
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The cutoff assertion for accounts payable includes:
A. determining whether all accounts payable are recorded in the proper period. B. determining whether all accounts payable are recorded. C. determining whether all accounts payable are properly classified in the financial statements. D. determining whether all accounts payable actually are liabilities.
Recent psychological research suggests which of the following statements is true about coercive power?
A. Coercive power is more effective than other types of power. B. Coercive power is likely to decrease turnover in organizations. C. Coercive power is related to satisfaction and performance. D. Coercive power is less effective than other types of power.
Which of the following terms best represents a culture that values punctuality and efficiency?
A) High-context culture B) Polychronic culture C) Collectivist culture D) Low-context culture E) Monochronic culture
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
A. $1,568. B. $1,800. C. $1,564. D. $1,600. E. $200.