Lennox’s company is planning on extending its existing business in Asia. In Europe, the company is fairly dominant, so they plan to make only slow and gradual changes in that market. However, their efforts to establish market share in North America have not been successful, so they plan to liquidate those assets and redirect them elsewhere. Which grand strategy is Lennox’s company using?
a. growth
b. stability
c. combination
d. turnaround and retrenchment
c. combination
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You are a customer service provider. When the telephone rings, you should ________.
A. answer it quickly even though you are still eating lunch B. look over at a colleague and nod to them to answer it C. clear your head, focus on the telephone and answer professionally and cheerfully D. wait at least five minutes so the caller will know you are busy
Museum Corporation acquired a new manufacturing building by issuing 10,000 shares of its $50 par value preferred stock with a $75 per share market price. Similar buildings have recently cost $780,000 . What are the effects of this transaction on the accounting equation for Museum?
a. Building and Preferred Stock increase $780,000. b. Building and Preferred Stock increase $500,000. c. Building increases $780,000; Preferred Stock increases $500,000; Additional Paid-in Capital—Preferred increases $280,000. d. Building increases $750,000; Preferred Stock increases $500,000; Additional Paid-in Capital—Preferred increases $250,000.
Halfway through the semester, Samuel quit doing assignments for and going to his advanced accounting class. He attributes this to his poor performance on the first two tests, as well as his lack of talent for accounting; he feels he will do much better as a management major. Samuel is likely to be experiencing
A. low emotional stability. B. an external locus of control. C. low self-esteem. D. low self-efficacy for accounting. E. low emotional intelligence.
If a consumer purchases a new watch, the watch is a
A. homogeneous shopping product. B. specialty product. C. heterogeneous shopping product. D. convenience product. E. The watch could be any of these choices.