Which One of the Following Statements Is True

question 38

Multiple Choice

Which one of the following statements is true?

• A) The more that one firm's strategy resembles the strategy of another firm, the more the two firms compete.
• B) For two firms to compete, they must develop identical strategies.
• C) The more that one firm's strategy resembles another firm's strategy, the less the two firms compete.
• D) The less that one firm's strategy resembles the strategy of another firm, the more the two firms compete.
• E) None of these statements is true.

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Definitions:

Prepaid Insurance

An asset account that represents payments made in advance for insurance coverage, which is expensed over the period the insurance policy is in effect.

Trial Balance

A bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit account columns to check for the arithmetic accuracy of the accounts.

Debit Column

In bookkeeping, the column in an account where debits are recorded, typically on the left-hand side.

Assets

Economic resources owned or controlled by a business or individual, expected to bring future benefits.