Retailers seeking to study the population characteristics of small trading areas should utilize _____
a. the Census of Population
b. the American Community Survey
c. Editor & Publisher Market Guide
d. Survey of Buying Power
a
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A business that uses the same accounting methods year after year is following the consistency principle
Indicate whether the statement is true or false
The UCC has abolished the common law requirement of consideration in all contracts involving the sale of goods
a. True b. False Indicate whether the statement is true or false
Which of the following represents a difference between an S corporation and a limited liability company (LLC)?
A. An S corporation can have more than one type of stock outstanding, whereas an LLC can have only one type of stock outstanding. B. An S corporation can choose to be taxed as a corporation or as a partnership, whereas an LLC is taxed as a corporation only. C. An S corporation is subject to unlimited personal liability of the owners, whereas an LLC is subject to limited personal liability. D. An S corporation has no more than 100 stockholders, whereas an LLC can have more than 100 owners (members). E. An S corporation's business income is subject to double taxation, whereas an LLC's business income is taxed only once.
Which of the following statements is true of organizational culture?
A. According to research, more than 50 percent of firms change culture successfully. B. Changes in culture are too frequent to have any impact on strategic implementation. C. It is always better to focus on output control and performance than on organizational culture. D. It is better for founder CEOs to create a relevant culture, structure, and strategy in the early stages.