In a new venture business plan, investors want to see evidence of which of the following?
a. A well-defined robust market
b. A distinct product or service solution
c. A sensible business model
d. All of the above
d. All of the above
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Astrid, a customer service representative with NorthTel Wireless Services, was asked by one of her customers if NorthTel would be interested in joining the chamber of commerce to meet potential customers and increase its contacts in the local business community. Astrid believes this is a very good idea and approached her manager, DeShawn, about becoming a chamber member. DeShawn said to Astrid, "Because the cost of membership is over $500 and you will have to leave the office to attend meetings, I will have to get approval from management above me." NorthTel is an example of an organization with
A. decentralized authority. B. unity of command. C. work specialization. D. centralized authority. E. line managers.
Partner compensation is reported on the income statement but is not used to compute net income
a. True b. False Indicate whether the statement is true or false
Cost-based pricing is often product driven
Indicate whether the statement is true or false
The Marx Company issued $100,000 of 12% bonds on April 1, 2007 at face value. The bonds pay interest semiannually on January 1 and July 1. The bonds are dated January 1, 2007, and mature on January 1, 2011. The total interest expense related to these bonds for the year ended December 31, 2007 is
A) $1,000 B) $3,000 C) $9,000 D) 12,000