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- Which of the following is one of the limitations of Management Accounting? Select one: a. Generic approach b. Staff contribution c. Based on historical analysis d. Resistance from staffA business has the responsibilities to which of the following? A- Customers B- Owners and shareholders C- Employees D- All of the optionsManagerial accounting is important because it helps facilitate and guide/influence the decision-making process of the organization. a. True b. False
- Match the business type to the description: Legal entity like a person, most are small firms, owned by stockholders, easier to raise money by selling stock, limited liability, potential perpetual life, may pay lower federal taxes, need a lawyer and have to pay a charter fee, have to pay federal corporate income tax as well as personal income taxes. Owned by two or more people, easier to raise more capital, work and responsibility can be divided, must be dissolved when one of the owner dies or wants to leave, unlimited liability. Owned by individuals, almost always a small business, owner is own boss, taxed only once, burden falls on owner's shoulders, owner may be sued, harder to raise money for capital as a small business A. Partnership B. Corporation C. ProprietorshipWhich of the following statements is true? A) Strengths are synonymous with competitive advantage. B) Every company resource or capability is a strength and leads to competitive advantage. C) A strength is not necessarily a source of competitive advantage. D) Strengths are always inimitable. E) None of the above.Identify which of the following statements is false a Operational CRM provides essential support for a variety of business processes, to maximize the ability to sell, market, and retain customers b. Operational CRM is the ability to effectively streamline the marketing efforts of to help increase revenue without increasing the workforce C Operational CRM includes efforts such as lead management, contact management, account management, performance management and more facilitate automation for the entire sales d. Inability to integrate channel data, customer data and with the values of the customers
- 47) The customer is the person who pays everyone's salary and who decides whether a business is going to succeed or fail. Is this sentence valid A. False B. True C. Not applicable D. None of the aboveWhich one fills the blink: consistency, reciprocity, social proof, authority, scarcity. A doctor has many degrees and certificates hanging on the walls in his/ her waiting room. When a person comes to that office for an appointment, seeing those degrees/ certificates persuades that person that this doctor is an expert in his/ her field. This demonstrates how the principles of ----- can be used.which of the following measures represent an organizations proactive measures to risks in times of crises? a) Quickly and steadily push their clients to their rivals, who incidentally had a good response plan to ensure they remain satisfied. b) Stick to the normal way of business to guaranteetheir quality of service and be consistent. c) Requesting all the employees to take unpaid leave untill the crisis is sorted. d) Quickly learn and adapt to a new and emerging system that can generate survival in the uncertain times.
- Which of the following best describes the difference between financial accounting and tax accounting? Financial accounting is what managers use for internal, decision making purposes while tax accounting is used for creditors, investors, and the general public. They are both used for income tax reporting purposes, and they are both required by the SEC to be issued and made public so that they can be used by creditors, investors, and the general public Financial accounting is used for income tax reporting purposes and tax accounting is used by managers for internal, decision making purposes. Financial accounting is used by creditors, investors, and the general public, while tax accounting is used for income tax reporting purposes None of these answers is correctWhich of the following is most likely not an objective of financial statements? A. None of the above B. To provide information about the users of an entity’s financial statements. C.To provide information about the performance of an entity. D. To provide information about the financial position of an entity..What type of information system would help a business to gain a strategic advantage over its competitors? a.Executive management system. b.Knowledge management system. c.Management information system. d.Strategic information system. What kind of information is gathered from a valid and trusted source and can be depended upon to be correct? a.Information that is reliable. b.Information that is timely. c.Information that is accurate. d.Information that is valid.