Possessing resources that are important, scarce, and cannot be substituted by others creates ______.
A. interdependence
B. the law of reciprocity
C. coercive power
D. dependence
D. dependence
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A company earned $3125 in net income for October. Its net sales for October were $12,500. Its profit margin is:
A. 400%. B. 25%. C. 200%. D. 3%. E. 7%.
A(n) ________ is a document that describes the marketing environment, outlines the marketing objectives and strategies, and identifies how the company will implement the strategies
A) marketing plan B) communications plan C) business plan D) operational plan E) financial plan
Which of the following would NOT be reported for capital stock in the contributed capital section of a classified balance sheet?
a. Dividends per share b. Shares authorized c. Shares issued d. Shares outstanding
Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and Stuart is $70,000. Bobbi sells his interest in the partnership to John for $50,000. The journal entry to record the admission of John as a new partner would include
A) a credit to John's capital for $40,000 B) a credit to Stuart's capital for $10,000 C) a credit John's capital for $50,000 D) a credit to John's capital for $40,000 and a credit to Stuart's capital for $10,000