________ utility is the benefit provided by making the company's products available where customers want to purchase them
A) Form
B) Possession
C) Value
D) Place
E) Time
Answer: D
Explanation: Marketers try to make their products available when and where customers want to buy them, creating time utility and place utility. Coffee carts in office buildings and ATMs in shopping malls create place utility.
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Which of the following group of accounts are increased with a debit?
A) assets, liabilities, owner's equity B) assets, drawing, expenses C) assets, revenues, expenses D) assets, liabilities, revenues
What are the five dimensions of Hofstedeās Model of National Culture?
What will be an ideal response?
The significance of the Industrial Workers of the World was:
A. It focused on reforming the political system by forming a labor party in the United States. B. It was willing to use violence and radical measures to gain rights for workers. C. It was focused primarily on business issues like getting more pay and better working conditions. D. It provided an alternative to general unionism by focusing primarily on craft unionism.
Professor Jones is concerned that her students do not understand the concept of equivalent units. She has therefore prepared the following questions, to appear on an upcoming examination:Equivalent units are used in a process-costing accounting system.A. Explain the need for equivalent units and why separate equivalent-unit totals are calculated for direct materials and conversion cost.B. If an examination of goods in production at the end of the period revealed 12,000 units that are, on average, 75% complete, would it be correct to say that 9,000 units were finished during the period? Why?Required:Prepare a complete answer key that can be used in grading the examination questions.
What will be an ideal response?