Most companies enter a market in stages. Which of the following is not listed in the textbook as a stage of market entry?
A. Manufacturing
B. Exporting
C. A website
D. Establishment of a foreign sales company
Answer: C
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Bledsoe Company acquired $17,000 cash by issuing common stock on January 1, Year 1. During Year 1, Bledsoe earned $8,500 of revenue on account. The company collected $6,000 cash from customers in partial settlement of its accounts receivable and paid $5,400 cash for operating expenses. Based on this information alone, what was the impact on total assets during Year 1?
A. Total assets increased by $20,100. B. Total assets did not change. C. Total assets increased by $600. D. Total assets increased by $26,100.
Which statement is true about the gross profit method?
a. It may not be used to estimate inventories for annual statements. b. It may not be used to estimate inventories for interim statements. c. It may not be used by insurers of inventory. d. It may not be used for internal estimates of inventory.
When the cost of lost units must be assigned, and those same units must be included in an equivalent unit schedule, these units are considered
a. normal and discrete. b. normal and continuous. c. abnormal and discrete. d. abnormal and continuous.
Which of the following types of cultures would be less likely to change or provide input to their supervisors?
a. Low uncertainty avoidance b. High uncertainty avoidance c. Low power distance d. High power distance