Alton's new firm operates in an uncertain and rapidly changing market with shifting technology and short product life cycles. Alton is considering the use of independent sales reps because they will give him greater _____________ in distribution channels.
A. Geographic concentration
B. Team selling
C. Flexibility
D. Outsourcing of production
E. Matrix divisional dissection
Ans: C. Flexibility
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When a 5% stock dividend is declared, which account is debited?
A) Common Stock—Par Value B) Common Stock Dividend Distributable C) Stock Dividends D) Paid-In Capital in Excess of Par—Common
Which of the following statements best describes the act of collusion?
A) Collusion is caused by an overstatement of ending inventory. B) Collusion is an intentional act of two or more employees to accomplish theft of company assets. C) Collusion is one of the necessary outcomes of a system of internal control over financial reporting. D) Collusion is enhanced by an effective system of independent reconciliations and other checks on recorded amounts.
________ refer to a price reduction for purchase of a specific product during a specific time period.
A. Loyalty programs B. Contests and sweepstakes C. Rebates D. Premiums E. Coupons
At the process level, it is much easier to distinguish whether the process is providing a service or manufacturing a product
Indicate whether the statement is true or false