The first five steps in the accounting cycle include analyzing transactions, journalizing, posting, preparing an unadjusted trial balance, and recording adjusting entries.
Answer the following statement true (T) or false (F)
True
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The ability to get secondary and/or primary data on a market being considered for segmentation relates to which of the following questions about marketing?
A. Is the segment clearly differentiated on one or more important dimensions when communicating the value of the product? B. Can the segment be reached in order to deliver the value of the product, and subsequently can it be effectively and efficiently managed? C. Is the segment readily identifiable and can it be measured? D. Can the segment be reached in terms of physical product? E. Is the segment of sufficient size to warrant investing in a unique value-creating strategy for that segment as a target market?
Which of the following terms was created by the psychologist Kurt Lewin?
a. Scientific management b. Hawthorne effect c. Equifinality d. Group dynamics e. Virtual teams
Link negligently ran his car into John, causing $50,000 in injuries. Link was intoxicated at the time of the accident. Can Link discharge this debt in bankruptcy?
a. Yes, claims based on negligence are dischargeable. b. Yes, as long as he didn't intend to hit John's car. c. No, such claims are not dischargeable in bankruptcy. d. No, because Link breached a fiduciary duty.
Jean is playing a video game on a defective disk that melts in her game player, starting a fire that injures her hands. Jean files a suit against K-Tech, Inc, the game's manufacturer. K-Tech is held liable under the doctrine of strict liability. A significant appli-cation of this doctrine is in the area of
a. cyber torts. b. intentional torts. c. product liability. d. unintentional torts.