What is the impact of hypercompetition on competitive advantage?
What will be an ideal response?
Hypercompetition reflects the increasing difficulty of sustaining a competitive advantage over time. As a result of this erosion of competitive advantage, companies must constantly work to improve their advantage. Firms must constantly seek new ways to lower costs and add value to their products and services.
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The petty cash fund at Bryan Company has a designated balance of $300. The fund currently holds $120 in cash and $187 in petty cash tickets. Based on this information, which of the following statements is correct?
A) The total of the cash on hand plus petty cash tickets is more than the designated fund balance. B) A shortage of $7 exists. C) To replenish the petty cash fund, the company must write a check, payable to Petty Cash, for $187. D) The petty cash fund custodian must locate the $7 discrepancy.
In the case of liquidation, common stockholders are paid first, followed by preferred stockholders, followed by bondholders
Indicate whether the statement is true or false