Established businesses may be hesitant about buying from a start-up small business.
Answer the following statement true (T) or false (F)
True
Established businesses are often hesitant about buying from a start-up business because it is not clear if the new business will be able to fulfill an order or service the product in the future.
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An increasing number of retailers and wholesalers have created their own ________, also called store brands
A) national brand B) support brand C) private brand D) generic brand E) manufacturer's brand
The step that follows preapproach in the personal selling process is ________
A) sales presentation B) close the sale C) overcome objections D) prospecting E) approach
Unlike a mediator, an arbitrator ______.
a. works on behalf of a labor union b. works on behalf of management c. makes a recommendation only d. makes a binding decision
Lloyd and Harry, equal partners, form the Ant World Partnership. During the year, Ant World had the following revenue, expenses, gains, losses, and distributions: Cost of Goods Sold$85,000Cash Distribution to Harry$15,000Municipal Bond Interest$1,500Short-Term Capital Gains$4,500Employee Wages$40,000Rent$10,000Charitable Contributions$25,000Sales$175,000Repairs and Maintenance$5,000Long-Term Capital Gains$12,000Fines and Penalties$5,000Guaranteed Payment to Lloyd$25,000 Given these items, what amount of ordinary business income (loss) and what separately stated items should be allocated to each partner for the year?
What will be an ideal response?