Pettigrew Inc. recently decided to expand from its original base in real estate to several wide-ranging industries such as trucking, lawn mower manufacturing, and catering. Pettigrew is using the ________ corporate strategy.
A. unrelated diversification
B. low-cost
C. concentration
D. vertical integration
E. related diversification
Answer: A
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Which one of the following statements regarding sales discounts is correct?
A. A sales discount is subtracted from Sales Revenue whereas a purchase discount is added to Cost of Goods Sold. B. Credit terms of "2/10, n/30" means that if payment is made in two days, a 10% discount may be taken; if not paid within two days, the full invoice price will be due in thirty days. C. The terms "sales discounts" and "purchase discounts" are used interchangeably by a company. D. If a company offers a discount to encourage prompt payment and the discount is taken, the discount reduces the amount of net sales.
Elisandra works in her company's finance department and is preparing a statement that details all of the company's revenues and expenses from various departments and product lines. Elisandra is preparing a cash-flow statement
Indicate whether the statement is true or false
When you use someone else's original content, but put it in your own words, you are _____
A) quoting B) referencing C) summarizing D) paraphrasing E) citing
Which of the following is an advantage of a general partnership?
A) It has an unlimited lifetime. B) Taxes are levied on a partnership and not on its owners. C) Expenses required for creating a partnership are low. D) Ownership interests are easily transferable.