Mitchell, a small business owner, wants to motivate his employees while also cutting down the high cost of office supplies. He believes that most correspondence, reports, and sales receipts can be e-mailed. Therefore, he has decided to share the benefits of cost savings with his staff as long as they play their part in helping to cut office supply use. Which type of performance-based pay is this scenario an example?
A. profit sharing plan
B. piece rate
C. employee stock ownership plan
D. gainsharing plan
D. gainsharing plan
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When a firm depends on customer advocacy for the promotion of its products, it faces which challenge?
A. Customers are not considered a trusted source of information by other customers. B. It is difficult to control the promotional messages created by customers. C. Customer advocacy always creates a weaker influence on buying decisions than advertising. D. Customer advocacy is considered less effective for positive product reviews than negative reviews. E. Customer advocacy has declining effectiveness when compared with other means of publicity.
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory150 units @ $10.00 5Purchase220 units @ $12.00 10Sales 140 units @ $20.0015Purchase100 units @ $13.00 24Sales 90 units @ $21.00
A. $2,460 B. $2,980 C. $2,590 D. $2,850 E. $2,860
Arocare International, a general hospital, converts its cancer unit into a new hospital called Miracle. Arocare then issues stock in the new hospital and sells the stock to outside investors. This helps Arocare raise additional funds. This scenario exemplifies:
A. a deployment plan. B. lateral expansion. C. a carve-out. D. asset stripping.
Failure to tell a buyer that the seller's house may be infested with termites could be fraud
Indicate whether the statement is true or false