In an attempt to improve customer service, Cobalt Toys Inc. decided to assign a team to investigate the kinds of services offered by competing companies. The team discovered that a smaller company, Nuance Games Corp., seemed to have outstanding customer service. The team then determined the major differences between the two companies and developed a plan to incorporate the best elements of Nuance Games into Cobalt Toys. Which of the following is being implemented by Cobalt Toys?
A. environmental dynamism
B. strategic maneuvering
C. cooperative action
D. benchmarking
E. forecasting
Answer: D. benchmarking
Business
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Myers Landscaping Corporation performs lawn mowing services for its customers. Payments for the current month's services are expected to be received next month. How does this transaction affect the accounting equation of Myers Landscaping?
A) liabilities increase and equity decreases B) assets and equity increase C) assets and equity decrease D) liabilities and equity increase
Business
COBOL programming language is neither used in present systems nor in legacy business applications
Indicate whether the statement is true or false
Business