A Fundamental Activity for Global Small Business Success Is

question 69

Multiple Choice

A fundamental activity for global small business success is

• A)avoiding rigid planning that commits the firm's resources to a single plan of action.
• B)determining international markets that increase the company's unique potentials.
• C)figuring out which of the firm's competitors is capable of copying its strategy.
• D)tapping government programs that provide incentives for international expansion.

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Definitions:

Non-Current Assets

Long-term resources owned by a company, such as property, plant, and equipment, expected to provide economic benefits beyond one year.

Noncurrent Asset

Long-term resources owned by a company, expected to provide value for more than one year, such as property, plant, and equipment.

Allowance Method

The allowance method is an accounting technique used to account for uncollectible receivables, allowing companies to estimate bad debts as an expense.

Direct Write-Off Method

An accounting procedure where uncollectible accounts receivable are directly written off against income at the time they are deemed noncollectible.