Ron is eligible for full death, retirement, and disability benefits under Social Security. His work status is
A) currently insured
B) partially insured
C) fully insured
D) completely insured
Answer: C) fully insured
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Which of the following describes the selling and administrative expenses budget?
A) It aids in planning to ensure the company has adequate inventory on hand. B) It captures the variable and fixed components of selling and administrative expenses of the business. C) It depicts the breakdown of sales based on terms of collection. D) It shows the cash flows related to the selling and administrative expenses and helps in planning to ensure the business has adequate cash.
According to Hamel and Prahalad, which of the following approaches is being utilized by a company that refuses to follow the practices and regulations set by industry leaders and finds new ways to gain competitive advantage?
A) searching for loose bricks B) changing the rules of engagement C) collaborating D) building layers of advantage