Who put forth the following five competitive forces, which determine industry structure?
1. Threat of new entrants,
2. Bargaining power of supply,
3. Rivalry among competitors,
4. Threat of substitute products or services, and
5. Bargaining power of buyers.
a. Edward de Bono
b. Philip Kotler
c. Michael Porter
d. Alfred Chandler
c. Michael Porter
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Which of the following statements about mobile home insurance is (are) true?
I. Coverage for the mobile home may be written on either a replacement cost basis or an actual cash value basis, depending on how much the mobile home has depreciated. II. An additional coverage pays, up to a specified dollar limit, for the cost of transporting the mobile home to a safe place when it is endangered by a covered peril. A) I only B) II only C) both I and II D) neither I nor II
The sum of those costs that do not change in total-no matter how much is produced-is called the
A. total direct cost. B. total cost. C. total variable cost. D. total fixed cost. E. None of these answers is correct.
Donna and Paul DeRossi own an agricultural farm in the outskirts of New Jersey. Their son Ron, who is 13 years old, helps them every day by watering the saplings. Neighbors saw Ron working in the field every day and informed Department of Labor about this and complained of child labor. Have Donna and Paul violated the law under Fair Labor Standards Act (FLSA) by allowing their son to work on the
agricultural farm land?? A) ?No, they have not violated the law of FLSA because the minors under age fourteen are allowed to work in any kind of occupations. B) ?No, they have not violated the law of FLSA because the minors are engaged in hazardous occupation as identified by the secretary of labor. C) ?No, they have not violated the law of FLSA because the minors under the age of fourteen are allowed to work in agriculture under specific limitations and with parental consent. D) ?Yes, they have violated the law of FLSA because the minors under the age of fourteen are not at all allowed to work in agricultural occupations.
Absence of planning does not inhibit the ability of departments and individuals to work together or organizations to move.
Answer the following statement true (T) or false (F)