Firms that compete on overall cost are vulnerable if all rivals share a common input or raw material that contributes a significant amount to total costs.
Answer the following statement true (T) or false (F)
True
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NAFTA creates a free trade area, as opposed to a customs union or a common market, due to the fact that:
A) the agreement does not leave the door open for discretionary protectionism. B) the governments of all three nations decided to eliminate tariffs. C) the issue of illegal immigration from Mexico to the United States is resolved. D) restrictions are imposed on the use of goods, services, and investments. E) restrictions are imposed on labor movements among members.
Which of the following application form questions can a company legally ask?
A. Do you have any disabilities that would prevent you from performing the job? B. What language do you speak when not on the job? C. Can you provide a reference from a religious leader? D. How much longer do you plan to work before retiring?
An account is said to have a debit balance if
A) the amount of the debits exceeds the amount of the credits B) there are more entries on the debit side than on the credit side C) its normal balance is debit without regard to the amounts or number of entries on the debit side D) the first entry of the accounting period was posted on the debit side
An activity on a PERT network has these time estimates: optimistic = 1, most likely = 2, and pessimistic = 5. What is its expected activity time?
A) 2.00 B) 2.33 C) 2.67 D) 4.67 E) 14.00