The stages of the business buying decision process, in order, are
A. recognizing the problem, establishing product specifications, searching for products and evaluating possible suppliers, selecting suppliers and products, and evaluating performance.
B. recognizing the problem, searching for products and evaluating possible suppliers, selecting suppliers and products, establishing product specifications, and evaluating performance.
C. recognizing the problem, selecting suppliers and products, evaluating performance, establishing product specifications, and searching for substitute products.
D. establishing product specifications, recognizing the problem, searching for products, evaluating possible products and suppliers, selecting suppliers and products, and evaluating performance.
E. establishing product specifications, searching for products, selecting suppliers and products, evaluating performance, recognizing the problem, and evaluating possible products and suppliers.
Answer: A
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Clarksen Company uses a process costing system. The company requisitioned $93,000 of materials for Department A and $67,000 of materials for Department D. The entry to record the use of the direct materials by these two departments is:
A. Debit Work in Process Inventory-Dept. A $93,000; debit Work in Process Inventory-Dept. D $67,000; credit Raw Materials Inventory $160,000. B. Debit Raw Materials Inventory-Dept. A $93,000; debit Raw Materials Inventory-Dept. D $67,000; credit Work in Process Inventory $160,000. C. Debit Raw Materials Inventory $160,000; credit Accounts Payable $160,000. D. Debit Factory overhead $160,000; credit Raw Materials Inventory $160,000. E. Debit Work in Process Inventory-Dept. A $93,000; debit Work in Process Inventory-Dept. D $67,000; credit Accounts Payable $160,000.
Interpreting, applying and resolving conflicts that arise under a union contract is called:
A. Contract negotiations B. Past practice C. Mediation D. Contract administration
The theory of business social responsibility that holds that the obligation of a business is to earn
a profit while not harming others, or if it does cause harm, to compensate the victims for the harms caused, is: A) The moral minimum theory. B) The maximizing profits theory. C) The stakeholder interest theory. D) The corporate citizenship theory.
Under the Fair Debt Collection Practices Act, a collection company is legally permitted to:
a. call the debtor between 8 a.m. and 9 p.m. b. call acquaintances of the debtor to locate the debtor. c. contact the debtor at work if not prohibited by the employer. d. All of the above are permissible.