In a general partnership, the partners are personally liable for the debts of the partnership
a. True
b. False
Indicate whether the statement is true or false
True
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One of the issues facing advertisers is which medium or media to use when communicating with global target markets. Discuss how these media differ from country to country, giving examples
What will be an ideal response?
Which of the following statements is true about the location of production units over the past few decades?
A) Shifting production activities to locations with lower wages leads to long-term sustainable competitive advantage. B) Production units are being shifted from low to high-income countries. C) The cost of production is low in emerging markets. D) The location of production for mature products is restricted to high-wage countries.
A critical success factor at Stage 1 of location decisions is ______.
A. proximity to raw materials B. transportation costs C. space to expand D. proximity to markets
Albion Company sells merchandise with a one year warranty. In 2013, sales consisted of 2,500 units. It is estimated that warranty repairs will average $20 per unit sold, and 30% of the repairs will be made in 2013 and 70% in 2014 . In the 2013 income statement, Albion should show warranty expense of:
a. $15,000 b. $35,000 c. $50,000 d. $0 e. $25,000