The revenue and the cost structures would be included in which part of the business model?

a. revenue structures
b. cost structures
c. financial viability
d. financial statement


c. financial viability

Business

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Recording a purchase of inventory using QuickBooks involves all the following steps except:

A. Receive item and record as inventory B. Receive bill and record obligation to pay vendor later C. Create invoice order to bill customers for purchases D. Create purchase order to order items from vendor

Business

Julius has an opportunity for a major promotion, but it would mean that he would have to move away from his family and no longer be able to help his cousins care for his uncle. Julius instead chooses to stay nearby and turn down the promotion. Julius’s society illustrates which of Hofstede’s dimensions?

A. collectivist B. individualist C. long-term orientation D. low power distance

Business

According to your text, which of the following is probably the most used and most recognized form of branding?

A) brand name B) trade character C) patent D) logo E) copyright

Business

In order to fertilize his vegetable farm, John, a farmer, needs to choose from two fertilizers: Nitro Plus and Phosphate Max. Each bag of Nitro Plus costs $7 and contains 8 pounds of nitrogen and 6 pounds of phosphate. Each bag of Phosphate Max costs $9 and contains 4 pounds of nitrogen and 8 pounds of phosphate. John’s vegetable farm requires at least 32 pounds of nitrogen and 48 pounds of phosphate. (Assume fractions of a bag are allowed). At the optimal solution, what is the amount of phosphate from the Phosphate Max brand?

A. 23.20 B. 38.40 C. 17.65 D. 15.80

Business