All of the following are leading to relentless downward pressure on price, EXCEPT:
A. increasing competitive intensity
B. product substitutability
C. rapidity of technological innovation
D. rapidity of technological change
E. expense creep
Ans: E. expense creep
You might also like to view...
Which one of the following is true of workers' compensation?
A. Employees are covered under the "no-fault" provision even if the injury is self-inflicted. B. Disability income is not covered under this benefit. C. It provides payments to offset lost income during involuntary unemployment. D. Funding for the program comes from the state taxes on employees. E. The benefits provided to the workers are not taxable.
The General Standards Rule does not require a member to
a. Complete all engagements with professional competence b. Plan and supervise adequately the performance of professional services c. Obtain sufficient relevant data to afford a reasonable basis for all conclusions d. Provide assurance about prospective financial statements