Maintaining a high-share position in an attractive, growing market requires only minimal investment to sustain a competitive advantage

Indicate whether the statement is true or false


FALSE

Business

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A currency speculator's goal is to buy a currency at a low price and immediately resell it at a higher price, thus realizing a risk less profit.

a. True b. False

Business

When a new partner is admitted to a partnership, bonuses attributable to either the old partnership or to the incoming partner may be recognized in accordance with the agreement among the partners

a. True b. False Indicate whether the statement is true or false

Business

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 8.1hoursStandard variable overhead rate$14.85per hour?The following data pertain to operations for the last month: Actual hours 8,600hoursActual total variable manufacturing overhead cost$130,720 Actual output 1,000units?What is the variable overhead rate variance for the month?

A. $10,435 U B. $10,435 F C. $3,010 U D. $3,010 F

Business

In ________ research, the objective is to gather preliminary information that will help define the problem and suggest hypotheses

A) exploratory B) statistical C) causal D) analytic E) descriptive

Business