A person who sees his or her country as the best in the world and looks down on others as inferior because they are different is known as ______.
A. ethical
B. ethno-relativistic
C. ethnocentric
D. all of these
C. ethnocentric
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Experimentation is becoming increasingly important in marketing research, but there are limitations of time, cost, and administration of an experiment
Indicate whether the statement is true or false
While preparing the February 28th bank reconciliation for the checking account for Willow, Inc, the accountant identified the following items: Balance per Willow's company records $46,200 Outstanding checks 1,100 Interest earned on the checking account 50 A customer's NSF check returned by the bank 500 In addition, Willow made an error in recording a customer's check; the amount was recorded in
cash receipts as $150, while the bank correctly recorded the amount as $510. What amount will Willow report as its actual cash balance on February 28th? A) $44,650 B) $45,890 C) $46,110 D) $46,250
Amanda ordered fifty personalized sweatshirts from King Manufacturing Company. After the shirts were specially imprinted, but before they were mailed, Amanda called King Manufacturing to disavow the contract. The next day the sweatshirts were stolen. In this case:
a. Amanda must pay the entire purchase price, because she breached the contract. b. King Manufacturing will have to bear the entire loss, because it had not yet mailed the shirts. c. Amanda must bear the entire loss, because the shirts were identified to the contract. d. King must first seek payment from its insurance carrier, and then collect from Amanda for any amount not covered by insurance.
A corporation has decided to replace an existing asset with a newer model. Two years ago, the existing asset originally cost $70,000 and was being depreciated under MACRS using a five-year recovery period. The existing asset can be sold for $30,000
The new asset will cost $80,000 and will also be depreciated under MACRS using a five-year recovery period. If the assumed tax rate is 40 percent on ordinary income and capital gains, the initial investment is ________. A) $48,560 B) $44,360 C) $49,240 D) $27,600