The management team at Home Help, a consumer products manufacturer, is considering entering several different foreign markets and is in the process of analyzing each potential market's economic environment
Which of the following measures would best help the management team understand the comparative cost of consumer products in each market?
A) gross national product (GNP)
B) the Big Mac Index
C) the per capita gross domestic product (GDP)
D) the standard of living
E) gross domestic product (GDP)
B
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A(n) __________is a division or department that brings in no revenue or profit for the organization—running this function only costs the organization money.
A. revenue center B. productivity center C. cost center D. effectiveness center E. efficiency center
Why is the brand name important?
What will be an ideal response?
Berth Ness signed a promissory note for the purchase of real estate in Arizona. Only his name appeared on the note. Berth had acted as an agent for several corporations and Louise Ness in the past. Upon default, the payee of the note brought suit to
collect from the corporations and Louise. They claim Berth was not acting as their agent in the transaction and they are, therefore, not liable. Who is correct?
What is the amount Alex must include in his income for December?
Alex is a calendar-year sole proprietor. He began business on December 1, this year. He uses the accrual method of accounting. Alex had the following collections in December: • Collected $7,000 in December, from clients who paid cash for services to be performed next year. • Collected $5,000 in December, for services performed during December; deposited in an operating account on December 31, this year. • Collected $12,000 in December; on accounts receivable for services performed in December; deposited in operating account on January 2, next year. A) $7,000 B) $12,000 C) $17,000 D) $24,000