XYZ Association, a carpenters' trade union, adopts guidelines intended to curtail questionable and pervasive activity by its members. Which of the following statements is true about the relationship between XYZ and its members?
A. XYZ Association may exert pressure on members to stop engaging in questionable business practices that may harm all firms in the industry, but their pressure is ineffectual.
B. Because trade associations exist for the benefit of their members, any measure XYZ takes will benefit the members and the association.
C. XYZ may make rules to govern its members, but it has no means to enforce them.
D. XYZ may make codes of ethics and rules to govern their members but it must also make sure that these codes and rules do not breach antitrust laws.
Answer: D
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The Ramien Store held inventory items at the end of 2014 . Which items should Ramien include as part of its total inventory cost?
a. Freight incurred in shipping goods to customers. b. Annual income taxes paid for operations. c. Cost of storing inventory before it is sold. d. Cost of salaries of clerks that sell the inventory items.
Notes to the Year 2 financial statements of Care Corporation indicate that income tax expense of $3,000 comprises $2,000 currently payable taxes and $1,000 deferred to future periods. Care Corporation made the following entry during Year 2 to recognize income tax expense: Income Tax Expense . . . . . . . . . . . . . . 3,000 Income Tax Payable . . . . . . . . . . . . . . . . . . . . . . . . 2,000
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Quick & Reilly, a financial services company, was able to increase sales by 35 percent by implementing which of the following programs?
A) cross-selling B) customer service C) full-line selling D) extranet E) upselling
Brent is working on an advertising campaign to promote downtown businesses. He knows the increasing number of advertising communication channels available and changes in consumers' media usage
A. will force him to use PSAs. B. makes it easier to select media. C. makes his job more difficult. D. makes budget more important, and creativity less important. E. increases consumers' preference for high-pressure persuasive advertising.