Define mass customization and build-to-order.

The effective interest method of amortization assumes a stable

A) interest expense
B) interest rate
C) book value
D) amortization amount

Consumer goods firms often use reminder advertising to convince consumers to take action, such as switch brands, try a new product, or even continue to buy the advertised product.

Double taxation means that both

A) wage income and interest income are taxed, which is currently the case in the United States.
B) wage income and interest income are taxed, which is not currently the case in the United States.
C) the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the United States.
D) the profits of corporations and the dividends shareholders receive are taxed, which is not currently the case in the United States.

If total liabilities increased by $10,000 and the assets increased by $10,000 during the accounting period, what is the change in the owner's equity amount?

A) No effect on owner's equity
B) Decrease of $10,000
C) Increase of $20,000
D) Decrease of $40,000

The change in cell-phone model life cycles from 2 years to under 6 months is the result of

A) time-based competition.
B) design for manufacturability.
C) life cycle assessment.
D) value analysis.
E) environmental concern.

In the context of the adaptation model, HR managers in organizations using a defender strategy are most likely to recruit and retain:

A) employees who are highly skilled in their job irrespective of their commitment to the organization.
B) stable employees who exhibit high levels of commitment and loyalty to the organization.
C) entrepreneurial employees who are highly flexible and more dedicated to their craft or profession than to the organization itself.
D) employees who might be moderately entrepreneurial and flexible but who will also be quite dedicated and loyal to the organization.

Temporary work groups often appear on organizational charts as departments, divisions, and teams.