Figure 14-1Figure 14-1 above depicts the communication process, which consists of ten key elements (Boxes A through J). The position labeled F is referred to as ________.
A. the feedback loop
B. the response
C. the message
D. the fields of experience
E. feedback
Answer: D
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In order to expand its business, the management of Areos, Inc. issued a long-term notes payable for $50,000. The note will be paid over a 10-year period with equal annual principal payments, beginning in one year. The annual interest rate is 12%.
Prepare the journal entry for the issuance of the note. Omit explanation.
One possible current currency arrangement is a fixed peg, where the exchange rate of a currency is allowed to move (within a narrow band) with another currency. One example is the Canadian dollar to the U.S. dollar.
Answer the following statement true (T) or false (F)
Which of the following describes a Customer Loyalty Program?
a. Firms can create customer communities using company websites and social networks like Facebook to facilitate communication or the exchange of ideas between customers and company personnel. b. Social media (such as Facebook and Twitter) present a number of opportunities for companies to build, maintain, and strengthen relationships with customers. c. Rewards repeat customers with discounts or other items depending on the frequency of the purchases. d. Allows customers to customize goods and services to create a uniqueness to the product.
Jill owns and operates a donut shop. Under the Code, the flour, sugar, and other goods used by Jill to make donuts are classified as:
A) farm products. B) ingredients. C) consumer goods. D) inventory.