John has always loved Citroen cars and so he is delighted when he hears that a Citroen has won Top Gear’s award for car of the year. It takes his friends a long time to convince him that it was actually just ‘new hatchback of the year’ and the overall winner was a Jaguar. John has unintentionally changed the information he heard to match his own beliefs and attitudes. What is the term for that?
a. attitude reinforcement
b. selective distortion
c. enhanced perception
d. selective retention
e. selective hearing
b. selective distortion
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Products that belong to the category of "game changers" are considered as ________ innovations
A) new product B) line extensions C) continuous D) dynamically continuous E) discontinuous
Dobson Company expects to begin operating on January 1. The company's master budget contained the following operating expense budget: January February MarchSalary expense$40,000 $36,000 $36,000 Sales commissions, 5% of sales 24,000 30,000 28,000 Utilities 2,800 2,800 2,800 Depreciation on store equipment 1,800 1,800 1,800 Rent 7,200 7,200 7,200 Miscellaneous 1,800 1,800 1,800 Total operating expenses$77,600 $79,600 $77,600 Sales commissions are paid in cash in the month following the month in which the expense is recognized. All other expense items requiring cash payment are paid in the month in which they are recognized. The amount of cash to be paid for operating expenses during the month of January is:
A. $51,800. B. $53,600. C. $77,600. D. None of the answers are correct.
Which of the following best describes the payables turnover?
A) Cost of goods sold/Average accounts payable B) Cost of goods sold +/-Change in inventory/Average accounts payable C) Average accounts payable/Cost of goods sold D) Average accounts payable/Cost of goods sold +/- Change in inventory
One difference between the periodic and the perpetual inventory systems is that under the perpetual method the purchases account is not used
Indicate whether the statement is true or false