Several Errors Are Listed Below

question 35

Essay

Several errors are listed below.
Required:
Indicate the effect each error would have on 2011 net income by placing a plus sign (+), minus sign (-)or NI (no impact)in the space provided.Part (a)has been completed as an example.

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Definitions:

Intermittent Profits

Earnings that are not consistent or regular, often fluctuating due to various external or internal factors.

Competitive Advantage

An attribute or set of attributes that allows an organization to outperform its competitors.

Sustainable Competitive Advantage

Sustainable competitive advantage exists through realising cost and quality, knowledge and speed, creating a market stronghold and protecting financial resources.

Strategic Management

involves the formulation and implementation of the major goals and initiatives taken by a company's top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes.