When a customer refers the salesperson to someone she knows, it is called a(n):
A. unlimited chain referral method.
B. chain referral method.
C. one-to-one referral method.
D. limited chain referral method.
E. endless chain referral method.
Answer: E
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The Chair Trade is an independent furniture store that specializes in selling Amish-style furniture and household items. Until the first of the year, its overall sales revenue was slowly increasing
Since the first of the year, however, sales of small items increased while sales of furniture decreased, leading to declining sales revenue. How could the owner of the store rely on market intelligence to understand the change in consumer buying behavior? Should the owner rely solely on market intelligence? Why or why not?
Which of the following is the final link in the project development chain?
a. distribution b. finance c. human resources d. advertising
Wiley Consulting purchased $8700 worth of supplies and paid cash immediately. Which of the following general journal entries will Wiley Consulting make to record this transaction? Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
A.
| Cash | 8700? | |
| Supplies | 8700? |
B.
| Supplies | 8700? | |
| Accounts Payable | 8700? |
C.
| Supplies Expense | 8700? | |
| Accounts Payable | 8700? |
D.
| Accounts Payable | 8700? | |
| Supplies | 8700? |
E.
| Supplies | 8700? | |
| Cash | 8700? |
Jack is a guest at Harry's home. While there, he goes into the library and picks up a music box that is part of Harry's collection. Jack overwinds the stem and it breaks. Hoping Harry won't notice, Jack takes the music box for repair to a jeweler who sells similar ones. The jeweler fixes it, but forgets to tag it and an unsuspecting clerk sells it to Robert. Jack is frantic. Can Harry get the
music box from Robert? a. No, the jeweler gives good title to a bona fide purchaser for value. b. No, the jeweler was not a merchant with regard to music boxes. c. Yes, Robert was not a buyer in the ordinary course of business. d. Yes, Robert has assumed only Jack's title, which is no title at all.