U.S. GAAP is more rule-based than IFRS

According to the Wharton/CIBC Survey of 1998 on hedging, only when a firm is sufficiently large to overcome the fixed costs of hedging does the firm

A) create an international division responsible for hedging. B) institute tax shelters using hedging devices. C) institute a hedging policy. D) hold only the cash manager responsible for hedging.

Which of the following statements is true regarding an organization following a differentiation strategy?

A) Differentiators generally use simple organizational structures. B) A speedy response to market changes is not vital to the competitive success of a differentiator. C) An organic structure is more suitable for a differentiator than a mechanistic structure. D) The organizational structure used by differentiators generally has lower integration than that used by a low cost organization.