While teaching strategy at Farrell University, Jessica developed an interactive strategy-simulation game to inculcate the concept of strategy to her students. She found that they were able to grasp the concept much better from the game rather than from reading books. For two years Jessica used the game to teach students. Eventually she removed possible glitches and perfected the game. She wanted students at other universities to benefit from the simulation. The result was the launch of Simulate Strategy, Inc. Some of Jessica's students suggested that she create a website for Simulate Strategy, Inc. Her company is fairly new and opening a website immediately would expose her company to customers from around the world. In this scenario, Simulate Strategy is an example of a ________.
A. sheltered workshop
B. freight forwarder
C. contract manufacturer
D. born international
Answer: D
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On an organizational chart, a dotted line typically indicates a(n)
A. outside company. B. line position. C. staff position. D. temporary employee. E. nonmanagerial employee.
The following information was reported in a cash budget: Beginning cash balance $280,000 Cash payments 533,000 Cash receipts 370,000 Minimum cash balance desired 200,000 How much cash will the company have to borrow in order to meet its required needs?
a. $103,000 b. $163,000 c. $0 d. $83,000
Direct suggestion is most likely popular among professional salespeople because the method:
A. relies on inoffensive buying suggestions and recommendations. B. relates competing products to negative information and quality concerns. C. requires buyers to imagine using a product. D. encourages immediate purchases. E. links products to famous people and firms.
In the accounting records of a defendant, lawsuits:
A. Should never be recorded. B. Should always be disclosed. C. Should be recorded if payment for damages is probable and the amount can be reasonably estimated. D. Are known liabilities. E. Should always be recorded.