According to Michael Porter, What Are the Two Basic Strategies

question 13

Multiple Choice

According to Michael Porter, what are the two basic strategies for creating value and attaining a competitive advantage in an industry?

• A) differentiation and low-cost
• B) value creation and generalization
• C) one-size-fits-all and zero-sum
• D) comparison and standardization
• E) profitability and strategic fit

Recognize the treatment and disclosure of non-cash transactions in the statement of cash flows.

Analyze cash flow for performance measurement and understand its impact on company valuation.

Identify and understand the implications of cash equivalents and their reporting.

Apply AASB 107 in the preparation and presentation of the statement of cash flows.

---

Definitions:

IQ Score

A measure of a person's intelligence as indicated by an intelligence test, where the average score is standardized to 100.

Mean Score

A statistical measure representing the average value of a set of numbers, calculated by dividing the sum of all values by the number of values.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the mean.

Standard Deviation

A measure of the dispersion or variability within a set of numerical data, indicating how spread out the numbers are.