Foreign licensing is similar to
A. starting from scratch.
B. franchising.
C. wholesaling.
D. establishing a subsidiary in another country.
E. establishing a sales office in a foreign country.
Answer: B
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An asset that cost $24,000 and has accumulated depreciation of $18,000 is sold for $5,200. The entry to record the sale includes
A) no gain or loss. B) a debit to Loss on Sale of Asset for 800. C) a credit to Loss on Sale of Asset for 18,800. D) a credit to Gain on Sale of Asset for 800.
Which of the following is a difference between independent administrative agencies and executive administrative agencies?
A) Independent administrative agencies are created by private stockholders, whereas executive administrative agencies are created by the legislative branch of government. B) The heads of independent administrative agencies cannot be removed by the president, whereas the heads of executive administrative agencies can be removed by the president. C) Independent administrative agencies are headed by people with prior experience in private enterprises, whereas executive administrative agencies are headed by a board of commissioners. D) The heads and members of the board have no fixed term of office in independent administrative agencies, whereas the heads and members are appointed for a specific term of years in executive administrative agencies.
Business communicators need to understand the following fact about persuasion:
A) it is not coercion. B) it is a way of forcing individuals to believe in something. C) it does not require motivation D) it is not needed in the business environment E) it helps understand an organization's mission
The process of creating a name, term, design, symbol, or any other feature that identifies a product or service and differentiates it from others is known as:
a. marketing b. positioning c. packaging d. branding