According to Porter, the nature of the interaction between potential industry entrants, buyers, substitute products, suppliers, and rival firms determines:
A) whether or not the government will launch an antitrust investigation.
B) the industry's profit potential in terms of long-run return on invested capital.
C) whether a country can generate a balance of payments surplus.
D) whether a country can create a comparative advantage in the production of differentiated products.
E) whether a country can generate income by innovation.
B
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Which of the following characteristics may result in the classification of a liability as current?
a. Short-term obligations expected to be refinanced with long-term debt b. Debts to be liquidated from funds that have been accumulated and are reported as noncurrent assets c. Violation of provisions of a debt agreement d. Obligations for advance collections that involve long-term deferment of the delivery of goods or services
A time draft is one payable upon demand (at the time it is presented to the drawee)
Indicate whether the statement is true or false