Budgets identify potential constraints before they become problems

Indicate whether the statement is true or false


True

Business

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The idea that an organization should (1) strive to satisfy the needs of consumers (2) while also trying to achieve the organization's goals reflects the

A. principle of customer relationship management. B. concept of synergy. C. societal marketing concept. D. marketing concept. E. consumerism concept.

Business

Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol has a capital of $91,000. Ronald decided to withdraw from the partnership and received $86,000. Which of the following will be included in the journal entry to record this? (Assume an equal profit-loss sharing between the existing partners.)

A) Cash is credited for $9000. B) Ross, Capital is credited for $4500. C) Carol, Capital is debited for $4500. D) Ross, Capital is debited for $9000.

Business

________ means potential customers won't buy a brand unless its current image is changed.

A. Brand insistence B. Brand recognition C. Brand rejection D. Brand preference E. Brand nonrecognition

Business

The U.S. law that governs the liability of an ocean carrier for transporting goods from one U.S. port to a foreign port is: A) The Hague Rules

B) The Uniform Commercial Code. C) The Harter Act. D) The Carriage of Goods by Sea Act.

Business