Zach has bought Biannca's interest in the A&B Partnership for a $120,000 direct payment to Biannca. Zach and Biannca's capital balances before the sale were $48,000 and $72,000, respectively. The entry to record the purchase of interest in partnership is:
A) Biannca, Capital 120,000 Zach, Capital 120,000
B) Biannca, Capital 72,000 Zach, Capital 72,000
C) Zach, Capital 120,000 Cash 120,000
D) Cash 120,000 Zach, Capital 120,000
B
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A free zone located within or near a port city is called a(n) ________
A. free trade zone B. free retail zone C. special economic zone D. exclusive economic zone
Les contracts to the sell and deliver to Chan 300 rolls of insulation. Unless the parties agree otherwise, Les must tender all 300 rolls in a single delivery, and Chan's payment is due at the time of the tender
a. True b. False Indicate whether the statement is true or false
Redefining the business mission of a mattress manufacturer as "a good night's sleep," rather than stating the mission as "the manufacture of high-quality mattresses," will:
A. not stimulate an awareness of changes in consumer desires B. be too broad a statement to be of any real use in serving customers C. stifle creativity in discovering opportunities to serve customers D. help ensure the firm retains its focus on consumers E. ensure the core products will be retained
Lucent TechnologiesBecause AT&T Corporation wanted to become a big player in the booming market for outsourcing computer services, it set up Lucent Technologies to manage corporate clients' worldwide computer networks. Lucent Technologies assists corporations in global network and computer management by drawing on AT&T's worldwide digital network and its computer hardware and software businesses. It also relies on the expertise of technicians at Bell Laboratories.Refer to Lucent Technologies. Lucent Technologies depends on AT&T but also has found it necessary to form cooperative partnerships with other technology, telecommunications, and software firms. Lucent has found it necessary to form:
A. strategic alliances B. relationship contracts C. outsourcing vendor liaisons D. bargaining positioning grids E. market groupings