Jenn Has Recently Decided to Take a Value Network Approach

question 55

Multiple Choice

Jenn has recently decided to take a value network approach to create a competitive advantage over her competitors.She is trying this because ___________________.

• A)She frees up internal resources
• B)Her firm can be more nimble in addressing external uncontrollable opportunities and threats
• C)She has an advantage over firms that have high costs associated with performing many of the value chain functions
• D)Both she frees up internal resources and she has an advantage over firms that have high costs associated with performing many of the value chain functions
• E)She frees up internal resources, Her firm can be more nimble in addressing external uncontrollable opportunities and threats, and She has an advantage over firms that have high costs associated with performing many of the value chain functions

Understand the concept of retrospective and prospective applications in accounting changes.

Identify the effects of inventory valuation errors on financial statements.

Understand the implications of failing to recognize or incorrectly recognizing revenue and expenses.

Understand error detection and correction processes in financial statements.