After researching the organization, the industry and the market, what is the next step in preparing for the interview?
A) Ensuring the appropriate business attire is cleaned and pressed
B) Thinking about and planning responses for potential questions you will be asked
C) Thinking about additional information you need to know from the organization
D) Practicing the interview
E) Preparing to arrive at the interview
Answer: B
Explanation: B) Planning ahead for the interviewer's questions will help you handle them more confidently and successfully. In addition, you will want to prepare insightful questions of your own.
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ICANN stands for:
A) The International Concept of Assigned Names and Numbers B) Internal Control Assignment for Names and Numbers C) The Internet Corporation for Assigned Names and Numbers D) Interest Compilation Assignment for Names and Numbers
Jermaine owns all 200 shares of Peach Corporation stock valued at $50,000. Kenya, a new shareholder, receives 200 newly issued shares from Peach Corporation in exchange for inventory with an adjusted basis of $40,000 and an FMV of $50,000. Which of the following statements is correct?
A) No gain will be recognized by Kenya. B) The transaction results in $10,000 of ordinary income for Kenya. C) The transaction results in $10,000 of capital gain for Kenya. D) Kenya may defer the recognition of any tax until the stock is sold.
Go Red for Women is a campaign put on by the American Heart Association to raise awareness of heart disease in women. This campaign is an example of what type of marketing?
A) not-for-profit marketing B) product-use-based segmentation C) customer-based segmentation D) demographic segmentation E) niche marketing
On May 1, 2021, a company lends $100,000 to one of its main suppliers and accepts a 12-month, 6% note. Record the acceptance of the note on May 1, 2021, the adjustment on December 31, 2021, and the cash collection on May 1, 2022.
What will be an ideal response?