As a part of providing service to customers, a salesperson would be expected to do all of the following EXCEPT:
A. provide information to competitors.
B. develop promotional ideas.
C. return damaged merchandise.
D. suggest business opportunities.
E. handle customer complaints.
Answer: A
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Breezy Company is considering the replacement of equipment that has a current book value of $340,000. Breezy has an opportunity to sell the equipment for $240,000. The cost of replacing the old equipment with a new machine is $300,000. The cost of operating the new equipment is $20,000 per year less than the cost of operating the old equipment. The new equipment has a 5-year useful life. The amount of the sunk cost for this replacement decision is
A. $240,000 B. $300,000 C. $100,000 D. $340,000
While social media has provided a revolutionary new form of personal expression, they have not fundamentally changed the practice of public relations
Indicate whether the statement is true or false
Jalen transferred his 10 percent interest to Wolverine Company as part of a complete liquidation of the company. In the exchange, he received land with a fair market value of $100,000. Jalen's basis in the Wolverine stock was $50,000. The land had a basis to Wolverine Company of $80,000. What amount of gain does Jalen recognize in the exchange and what is his basis in the land he receives?
A. No gain recognized and a basis in the land of $80,000. B. $50,000 gain recognized and a basis in the land of $100,000. C. No gain recognized and a basis in the land of $50,000. D. $50,000 gain recognized and a basis in the land of $80,000.
Groupthink takes place because group members
A) dislike individual problem solving. B) strive extra hard to achieve consensus. C) attempt to avoid conformity. D) have feelings of inferiority.