Marketing opportunities that involve moving into totally different lines of business are "diversification" opportunities.
Answer the following statement true (T) or false (F)
True
Diversification means moving into totally different lines of business. It could be entirely unfamiliar products, markets, or even levels in the production-marketing system.
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Laguna's Corporation sold for $10,000 plant assets that cost $20,000 and that had an accumulated depreciation of $4,000 . The journal entry to record the transaction is:
a. Cash 10,000 Plant Assets 10,000 b. Plant Assets 16,000 Cash 16,000 c. Cash 10,000 Accumulated Depreciation 4,000 Loss on Sale of Plant Assets 6,000 Plant Assets 20,000 d. Cash 10,000 Loss on Sale of Plant Assets 6,000 Plant Assets 16,000
Which of the following transactions would increase a firm's current ratio?
a. Purchase of inventory on account b. Payment of accounts payable c. Collection of accounts receivable d. Purchase of temporary investments for cash
Your employee in another location is perpetually late submitting work. You must confront him about his lateness and discuss a solution for the problem. Your email to him says:
a. I am tired of your work being late. Fix the problem or you're fired! b. Can we chat today about your upcoming project deadlines and your plans to meet them? c. Do you know what time it is? Time for you to get to work! Ha! Ha! (JK!!!) d. Your late submissions have become intolerable.
The inventors of a disruptive technology typically benefit the most from the technology; and it is rare that fast followers catch up quickly
Indicate whether the statement is true or false