Research revealed what percentage of Inc. 500 wrote formal business plans prior to launching their companies?

a. More than 90%
b. More than 75%
c. Less than 50%
d. Less than 10%


c. Less than 50%

Business

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In 2015, Baloga Heating Company sold 400 water heaters for $350 each. The water heaters carry a 2-year warranty for repairs. Baloga estimates that repair costs will average 2% of the total selling price. How much is recorded in the warranty liability account as a result of selling the water heaters during 2015?

a. $4,200 b. $2,800 c. $1,400 d. No liability should be recorded until the water heaters are brought back for repairs.

Business

A question asks respondents to evaluate a travel agency on a scale from 1 to 5 where 1 means "very dissatisfied" and 5 means "very satisfied." This is an example of a:

A) synthetic metric scale B) natural metric scale C) natural categorical scale D) closed-ended scale E) synthetic natural scale

Business

Which of the following refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographical area?

a. purchasing power b. balance of trade c. standard of living d. exchange rate

Business

Improving your self-image can be achieved with three practical approaches. List and describe each approach

What will be an ideal response?

Business