Other international personal selling approaches that fall somewhere between sales agents and full-time employee teams include all of the following except:
A) exclusive license arrangements.
B) contract manufacturing or production.
C) management-only agreements.
D) franchising.
E) joint ventures.
B
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Which of the following is a temporary account?
A) Retained Earnings B) Accounts Receivable C) Purchases Returns and Allowances D) Accumulated Depreciation
Uniq Works purchased raw materials amounting to $126,000 on account and $16,000 for cash. The materials will be used to manufacture upholstery for furniture manufacturers on a contract basis. Which of the following journal entries correctly records this transaction?
Robert hired James, a CPA, to prepare his tax returns. James was too busy and delegated the work to Sara, also a CPA. This delegation is:
a. enforceable, as Sara is also a CPA. b. enforceable, as there was no expectation James would do the work. c. not enforceable, as Robert hired James to perform personal services. d. not enforceable, as this violates public policy.
________ is net income divided by average total assets.
Fill in the blank(s) with the appropriate word(s).