The Differentiation Strategy

question 56

Multiple Choice

The differentiation strategy:

• A) was developed by Frederic Taylor.
• B) was popularized by Henri Fayol.
• C) is one of Michael Porter's competitive strategies.
• D) is K. D. Bowerman's "Strategy for Empowerment."

---

Definitions:

Balance Per Bank

It represents the amount of money in a company’s bank account, according to the bank's records.

Prenumbered Cheques

Checks that are printed in advance with sequential numbers to help maintain an audit trail and manage financial transactions securely.

Bank Reconciliation

The method of aligning the amounts in a company's bookkeeping records for a cash account with the matching data on a bank statement.