Imitation is made more difficult when the foundation for competitive advantage is
a. observable.
b. based on complex organizational routines.
c. valuable.
d. obtainable in the market.
e. based on a tangible asset.
B
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?Which of the following risks is only faced by investors in debt securities?
A. ?Default risk B. ?Upward risk C. ?Downward risk D. ?Risk due to inflation
Family Fashions uses standard costs for its manufacturing division. The allocation base for overhead costs is direct labor hours. From the following data, calculate the fixed overhead volume variance.
A) $16,800 F
B) $46,200 U
C) $46,200 F
D) $16,800 U
Teams work best when individuals have:
a. strong individual skills and strong organizational skills b. strong team skills c. strong organizational skills and strong team skills d. strong individual skills and strong team skills
Pets R Us has recently acquired Caring for Pets and Pet Go Round. Since they all are similar in market share, Pets R Us is planning to rebrand Caring for Pets to be a pet daycare facility and Pet Go Round to be a veterinary clinic and groomer. This is an example of which strategy?
A. Retrenchment strategy B. Internal growth strategy C. Divestment strategy D. Concentration strategy E. External growth strategy