The concept of exchange is important to marketing because:
A. if all the conditions for an exchange are in place, then the exchange will be completed
B. exchange provides money to marketers
C. marketing activities help to create exchange
D. marketing activities are a requirement for exchange to take place
E. money is the only medium of exchange for business marketers
Answer: C
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Pierce Corp identified the following data in preparing a bank reconciliation on October 31, 2014. Bank statement balance $29,600 Pierce's book balance (before adjustments) ? Outstanding checks 3,100 NSF checks 300 Service charges 200 Deposits in transit 2,200 Interest earned on checking account 100 How much is Pierce's adjusted cash balance on October 31, 2014?
a. $28,700 b. $29,100 c. $28,300 d. $29,600
James's attempt to make a new contract is void because it lacks consideration under the ________ concept
A) illegal consideration B) gift promise C) past consideration D) preexisting duty
In formatting a report, you discover that an entire table will not fit on the bottom of a page. You should
a. continue the graphic interpretation to the bottom of the page and begin the next page with the table. b. begin the table, allow an adequate margin at the bottom of the page, and complete the table at the top of the next page. c. end the page with the introduction to the table, regardless of space left on the page. d. place the table prior to the text reference to it if that placement will allow the entire table to appear on that page.
If the likelihood of a future event is remote, how should the company report the contingency?
What will be an ideal response