The fact that it will require such a large capital investment to start a new casino is an example of
A. high bargaining power of customers.
B. low threat of new entrants.
C. high threat of new entrants.
D. many substitute products.
E. low bargaining power of customers.
Ans: B. low threat of new entrants.
Business
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The degree to which employees believe that if they work toward a certain performance objective they will be able to achieve that objective is:
A. merit. B. instrumentality. C. valence. D. expectancy.
Business
Why is identification of a relevant range important?
a. It is required under GAAP. b. Cost behavior outside of the relevant range is not linear, which distorts CVP analysis. c. It directly impacts the number of units of product a customer buys. d. It is a cost that is incurred by a company that must be accounted for.
Business