How long can a company advertise a product as "new and improved" after it hits store shelves?

A. one year
B. six months
C. two years
D. three months
E. indefinitely


Answer: B

Business

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Athens Company's salaried employees earn two weeks of vacation per year. The company estimated and must expense $9800 of accrued vacation benefits for the year. Which of the following is the necessary year-end adjusting entry to record accrued vacation benefits?

A. Debit Vacation Benefits Expense $19,700; credit Vacation Benefits Payable $19,700. B. Debit Vacation Benefits Payable $19,700; credit Vacation Benefits Expense $19,700. C. Debit Vacation Benefits Payable $9800; credit Vacation Benefits Expense $9800. D. Debit Vacation Benefits Expense $9800; credit Vacation Benefits Payable $9800. E. Debit Vacation Benefits Expense $20,360; credit Vacation Benefits Payable $20,360.

Business

What does Alfred Bandura mean by the term reciprocal determinism?

a. Personality is already determined when we are born, and so it shapes how we view and interact with our environment b. Personality is determined by our behaviour, our thoughts and feelings, in interaction with our environment c. Personality is the result of the environment, and only the environment can determine a person’s personality d. Both b and c

Business

Shira works for a cosmetics company. She manages her store in New York City. She enjoys her job because although she is in charge of her store, she has backup from corporate offices in Los Angeles. Their support is helpful because she does not need to worry about advertising or big picture items. She can focus on running the day-to-day activities of her own store. Shira’s level of interdependence with her corporate office is considered

a. Reciprocal interdependence b. Sequential interdependence c. Affiliated interdependence d. Pooled interdependence

Business

Suppose that a service facility has an average line of 2 customers that must wait, on average, 5 minutes for service. How many customers are arriving per hour?

What will be an ideal response?

Business