In the terminology suggested by the FASB, which of the following terms refers to the accounting entity that results from a business combination?
a. Parent enterprise
b. Combined enterprise
c. Consolidated enterprise
d. Controlling enterprise
ANSWER: B
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Strategies for improving communication ethics do NOT include ______.
A. formal ethics training B. a formal code of ethics C. a corporate ethics committee D. a corporate ethics mentor program
Describe how IBM, once a major manufacturer of computers and related products, changed its business model in response to new customer needs and how B2B marketing played a role.
What will be an ideal response?
ABS specializes in repair and maintenance of industrial machines. One repair technician has been assigned to five identical grinding machines for repair and maintenance. The machine breaks down after about 20 hours of use, and breakdowns have a Poisson probability distribution. It takes 6 hours to repair a machine, and repair times follow an exponential distribution. Machine downtime costs the company $250 an hour, and the technician is paid $50 an hour. Determine the total cost per hour.
a. $550.34 b. $582.50 c. $284.50 d. $725.50
Contracts made by people who have become so intoxicated that they cannot understand the meaning of their acts are:
A) void B) voidable. C) valid. D) quasi-contracts.