What do Levitt and March (1988) refer to as the process where an organization does something well, learns more about what they do until they become such experts that they can no longer see any limitations to their achievements?
a. The competency trap
b. The success trap
c. The money trap
d. The mouse trap
a. The competency trap
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Which of the following is a reason why salespeople fail to obtain commitment?
A. Speaking more than listening B. Fear of asking C. Poor presentation D. Displaying unwarranted excitement E. All of these
Amex Corporation invests excess cash to purchase $25,000 in corporate bonds on March 30, 2018. In addition to the $25,000, Amex also paid a brokerage fee of $1,000. Amex intends to hold the bonds until maturity and has the ability to do so. When the bonds mature on March 30, 2020, Amex plans to use the cash for its business expansion. Which of the following is included in the journal entry on March 30, 2018?
A) a debit to Held-to-Maturity Debt Investments for $25,000 B) a debit to Trading-Debt Investments for $25,000 C) a debit to Held-to-Maturity Debt Investments for $26,000 D) a debit to Trading-Debt Investments for $26,000
Supplies are recorded as assets when purchased. Therefore, the credit to supplies in the adjusting entry is for the amount of supplies
A) that are in the ending balance B) purchased C) used D) either used or remaining
The interest rate specified in the bond indenture is called the
A) discount rate B) contract rate C) market rate D) effective rate