An accounting firm realizes it is woefully inadequate at cultivating new clients. It is allowed to observe a law firm perform the new-client cultivation process in hopes of gleaning improved methods it can adopt. This is an example of:
A) competitive benchmarking.
B) functional benchmarking.
C) internal benchmarking.
D) generic benchmarking.
B
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When an additional partner is admitted to a partnership by contribution of assets to the partnership
a. the total assets of the partnership do not change b. no liabilities can be contributed at the same time c. the amount of the cash contribution is the same as the amount of the debit to the new partner's capital account d. the total of the owner's equity accounts increases
A firm in a homogeneous market that has the ability to augment its product is more likely to need to meet a competitive price reduction than one that does not have the ability to augment its product
Indicate whether the statement is true or false
A markup and a margin both refer to the difference between a final price and unit cost
Indicate whether the statement is true or false
Which of the following is an example of cumulative voting? A) ?Dan and Ben own ten shares together and two directors are to be elected, so they receive the right to cast 12 votes
B) ?Dan owns two shares and two directors are to be elected, but he receives no right to cast a vote. C) Dan owns six shares and two directors are to be elected, so he receives the right to cast six votes. D) Dan owns ten shares, and five directors are to be elected, so he receives the right to cast 50 votes.