Small neighborhood florists, shoe stores, and ethnic food markets are most likely to be:
A. supercenters
B. franchise outlets
C. membership clubs
D. chain stores
E. independent retailers
Answer: E
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Traditionally, the __________ have been the most popular distribution channels for industrial products
A) retail stores and direct sales B) sales force and industrial distributors C) Internet and retail stores D) personal selling and wholesalers
All of the following occur with a double-entry accounting system except:
A) The accounting equation remains in balance. B) The sum of all debits is always equal to the sum of all credits in each journal entry. C) Each business transaction will have only two entries. D) Every transaction affects at least two accounts.
When delivering a speech that focuses on a process or procedure, you will probably find it most useful to arrange your ideas in either chronological or ______ order.
Fill in the blank(s) with the appropriate word(s).
The balance in Premium on Bonds Payable
A) should be reported on the balance sheet as a deduction from the related bonds payable B) should be allocated to the remaining periods for the life of the bonds by the straight-line method, if the results obtained by that method materially differ from the results that would be obtained by the interest method C) would be added to the related bonds payable on the balance sheet D) should be reported in the paid-in capital section of the balance sheet