All of the Following Are Advantages of Defining a Firm's

question 47

Multiple Choice

All of the following are advantages of defining a firm's mission in terms of benefits that customers seek except for which one?

• A) Keeping the firm focused on its customer,instead of becoming preoccupied with its internal needs
• B) Encouraging innovation,creativity,and developing new ways to satisfy customer expectations
• C) Stimulating an awareness of changes in customer desires and preferences so that product offerings remain relevant
• D) Satisfying customer wants and needs may not always be in the best interests of society as a whole

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Definitions:

MACRS Tables

Depreciation schedules in the Modified Accelerated Cost Recovery System allowing for faster asset depreciation in the earlier years of the asset's life.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life.

Double-Declining-Balance

A method of accelerated depreciation which doubles the normal depreciation rate.

Scrap Value

An estimated calculation of what an asset will be worth at the time it is sold, after it is no longer useful.