Which of the Following Is True of the Four Attributes

question 11

Multiple Choice

Which of the following is true of the four attributes that make Porter's diamond?

• A) Absence of any single attribute does not impact effectiveness of the diamond.
• B) The effect of one attribute is contingent on the state of others.
• C) The diamond is not a mutually reinforcing system.
• D) Chance events, such as major innovations, do not affect Porter's diamond.
• E) Only in the absence of one of the four attributes, government policies can influence Porter's diamond.

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Definitions:

Bank Service Charge

Fees charged by a bank to its customers for account-related services.

Cash Receipts

The total amount of money, including cash, checks, and credit card payments, received by a business during a given period.

Internal Control Procedures

Processes implemented by a company to ensure integrity of financial and accounting information, promote accountability, and prevent fraud.

GAAP

GAAP stands for Generally Accepted Accounting Principles, which are standardized guidelines and practices for financial accounting and reporting in the U.S.