Finding a way to create and capture value is part of
A. business strategy.
B. organizational structure.
C. management control, but not general management.
D. cost control systems.
Answer: A
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Which of the following statements is true?
A) Data are facts established by observation and measurement. B) Theories are statistics that describe the real world. C) Hypotheses are predictions that can be tested with data. D) Empirical evidences are facts, measurements, or statistics that describe the world.
Net exports are:
A) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation. B) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation. C) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation. D) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation.
Which of the following statements about an increasing-returns-to-scale industry is not true?
a. It will tend to concentrate production in the hands of a very few large firms. b. Firms in the industry face higher costs per unit of production as their level of output increases. c. Opportunity costs may fall with the level of output. d. Proponents of strategic trade policy contend that tariffs can be used to stimulate production by a domestic industry capable of achieving increasing returns to scale. e. The costs of producing a unit of output fall as more output is produced.
When was the closest the United States has ever gotten to hyperinflation?
a. During the Great Depression b. During the Great Recession c. During the Civil War d. During World War II