Depending on the length of time it takes them to adopt a new product, people can be divided into five major adopter categories: early adopters, early majority, late majority, laggards, and
A. late adopters.
B. nonadopters.
C. innovators.
D. middle adopters.
E. middle majority.
Answer: C
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Which of the following is true about licensing?
A) It is a bad option for products that are difficult to produce. B) It refers to the transfer of trademark rights held by one party to another party. C) It allows owners of intellectual property to obtain payment for their creations in a lump sum. D) It involves the legal assignment of the rights to a product from one party to another. E) It is a method of protecting the brand name and logo of a company.
Which of the following accounts is decreased with a debit?
a. Notes Payable b. Cash c. Interest Expense d. Dividends
It is not necessary to be familiar with an organization's mission when designing a cost management system
Indicate whether the statement is true or false
Craig's Snowboards uses the perpetual inventory system and the gross method of accounting for sales, and had the following sales transactions during June: June 2Sold merchandise to General Sports Store on credit for $4,800, terms 1/15, n/60. The items sold had a cost of $2,700.June 4General Sports Store returned merchandise that had a selling price of $200. The cost of the merchandise returned was $110.June 13General Sports Store paid for the merchandise sold on June 2 less the return, taking any appropriate discount earned.Prepare the journal entries that Craig's Snowboards must make to record these transactions.
What will be an ideal response?