Control activities:

A. are needed more by domestic companies than international companies.
B. are the efforts to develop strategic plans for an organization.
C. should be linked to evaluation and reward systems.
D. are managed independently of taxation and accounting methods.


Answer: C

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Which of the following is true for the passage of title in a contract requiring a document of title?

A) The title passes when the shipping arrangements are made. B) The title passes at the time and place of contracting. C) The title passes when the destination of delivery is first mentioned in the contract. D) The title passes when and where the seller delivers the document to the buyer.

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Sean is a vice-president for 20th Century Fox, a movie production company. He has the responsibility for managing the firm's marketing channels and its relationships with its marketing intermediaries. As a manager of its marketing intermediaries, part of Sean's role is to

A. link movie wholesalers to other wholesalers. B. link film producers to other middlemen. C. always oversee the sale of movies to retailers. D. maintain quality of the movie product. E. engage in short-term commitments to the least expensive channel member.

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An invitation to negotiate¾"can you afford this?"¾is an offer.

Answer the following statement true (T) or false (F)

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