In today's business environment, everyone ________
A) must be a follower, but few can lead.
B) must be a leader, but few can follow.
C) cannot be a leader, so most must be followers.
D) must be both a leader and a follower.
Answer: D
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Which of the following correctly describes the accounting for administrative expenses of a manufacturing company?
A) Administrative expenses are product costs and are expensed as incurred. B) Administrative expenses are period costs and are expensed as incurred. C) Administrative expenses are product costs and are expensed when the manufactured product is sold. D) Administrative expenses are period costs and are expensed when the manufactured product is sold.
A company that succeeds in global marketing:
A) pursues a "one size fits all" strategy by creating identical products for homogeneous markets. B) customizes special products for each world country or region. C) creates both standardized and localized products. D) nurtures an ethnocentric management orientation. E) uses localized products only.