As a stockholder in 3M, Randy knows that corporations are required by law to have a stockholder meeting
A. never.
B. once a quarter.
C. once a year.
D. every other year.
E. when a special need arises.
Answer: C
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Which of the following involves measuring the time from authorization of goods to be produced to when the goods are completed?
a. product lifecycle management b. throughput time c. push manufacturing d. pull manufacturing
On a bank reconciliation, deposits that were not entered by the bank before the bank statement was prepared are known as
a. NSF deposits; b. deposits in transit; c. outstanding deposits; d. postdated deposits; e. payables
What specific internal control procedure would prevent the shipping clerk from taking goods from the storeroom and sending them to someone who had not placed an order?
Which of the following is particularly pertinent in evaluating whether an industry presents a sufficiently attractive business opportunity?
A. whether there are more than five key success factors and more than five barriers to entry B. constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group C. an assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor D. whether the market leaders enjoy competitive advantages and how hard it is to develop a strongly differentiated product E. the industry's growth potential, whether competition appears destined to become stronger or weaker, and whether the industry's overall profit prospects are above average, average, or below average