Which of the following activities is carried out during the implementation of a marketing plan?
A. Defining the business mission
B. Performing marketing audit
C. Setting up strategic business units
D. Creating and managing a task force
Answer: D
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Harrison Carter, who is classified as direct labor, earns $800 per week and is entitled to two weeks of vacation and 10 holidays each year. How much should be accrued for his vacation each week?
a. $48.00 b. $50.00 c. $32.00 d. $35.68
Managers' concerns about the quality of a product or service include customer defections
Indicate whether the statement is true or false
On August 1 of the current year, Kyle Company borrowed $278,000 from the local bank. The loan was for 1 . months at 9 percent interest payable at the maturity date. The adjusting entry at the end of the fiscal year relating to this obligation would include a
a. debit to interest expense of $25,020. b. debit to interest expense of $10,425. c. credit to note payable of $10,425. d. debit to interest receivable of $10,425.
Bill, a local inventor, developed a diet pill that he believes will solve the obesity problem in the
United States. Bill wants to create a new company, 50% owned by Bill and 50% owned by a major drug company. Although he believes the pills are safe, Bill is concerned about liability if someone becomes sick or dies. The best form of business organization for the new company is A) limited liability company with Bill and the drug company owning equal shares. B) general partnership with Bill and the drug company as equal partners. C) sole proprietorship with Bill as owner and the drug company as creditor. D) S-type corporation with Bill and the drug company owning equal shares.