Apple Combines and Packages Proven Technology in New and Innovative

question 18

Multiple Choice

Apple combines and packages proven technology in new and innovative ways.This is an example of its use of

• A) tangible resources.
• B) intangible resources.
• C) organizational capabilities.
• D) strong primary activities.

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Definitions:

FICA Taxes

Taxes imposed by the Federal Insurance Contributions Act, funding Social Security and Medicare programs, withheld from employees’ pay and matched by employers.

Medicare Taxes

Taxes collected from employees and employers to fund the Medicare program, which provides healthcare benefits to retirees.

State Income Taxes

Taxes imposed by individual states on the income generated by businesses and individuals within that state.

Liability Account

A type of accounting record that shows the obligations or debts a company owes to others.