Describe a strategic group. Name a few companies that belong to the same strategic group, and discuss why they are in the same group
What will be an ideal response?
A strategic group is a group of firms in an industry following the same or a similar strategy in a given target market. General Electric and Whirlpool belong to the same strategic group because each produces a full line of medium-price appliances supported by good service.
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Financial statements in the United Kingdom are supposed to provide a "true and fair view" of the firm's financial position and results of operations. How does U.K. GAAP define "true and fair view?"
A. Objective, free from bias B. Statements must comply with accounting standards C. Relevant D. U.K. GAAP does not specifically define "true and fair view."
What is the early finish time for activity K?
Project Sand Mandala Carrie meticulously calculated the early and late start and finish times for her latest project and recorded them using different colors of sand on a pristine slab of white marble. She used red for late start and late finish times and green for early start and early finish times. Activity durations and their identifiers were written with black sand. She finished her task and had an opportunity to admire her work only briefly before a colleague came by and swept most of it away. Sadly, this was before Carrie could record the numbers on a more permanent medium, so now she turns to you to help. Activity Predecessor Duration Early Start Early Finish Late Start Late Finish A - 10 B - 7 11 C A 7 D A 15 14 E B 11 19 F B 10 G D,E 24 H F 24 J C 28 K G,H,J 36 A) 36 B) 35 C) 34 D) 33