Which of the Following Statements Is True of Companies That

question 31

Multiple Choice

Which of the following statements is true of companies that employ differentiation strategies?

• A)They primarily focus on efficient production.
• B)They only train employees in specific required skill areas.
• C)They want their employees to be risk averse.
• D)They want their employees to take a balanced approach to process and results.
• E)They expect their employees to exhibit role behaviors that are relatively repetitive.

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Net Sales

The amount of sales revenue remaining after deducting returns, allowances for damaged or missing goods, and discounts.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period of time, resulting in a net profit or loss.

Budgeted Amounts

Estimated financial figures planned for a certain period, including revenues and expenses.