A person working as a separate business entity is called a(n):
a. entrepreneur.
b. independent contractor.
c. third party vendor.
d. strategic business unit.
b
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Which of the following is a type of audit opinion that a firm would usually prefer?
a. Uqualified opinion b. Qualified opinion c. Adverse opinion d. Clear opinion e. None of the answers are correct.
A research firm wants to conduct a research study to determine what the U.S. population thinks of imported clothing at a given point in time. Describe three primary research options that are available for this type of research. Which option would you recommend to the research firm? Why?
What will be an ideal response?
If fixed costs are $400,000, the unit selling price is $25, and the unit variable costs are $15, what is the break-even sales (units) if the variable costs are increased by $2?
A) 50,000 units B) 30,770 units C) 40,000 units D) 26,667 units
The salesperson has just asked the prospect to order three cases of pet flea collars and his prospect says, "I want to think it over." Which close is best suited for this situation?
A. Probability B. Balance-sheet C. Minor-points D. Assumptive E. Standing-room-only