What events and developments do you expect to happen in the Spanish ice cream market in the immediate future (in a time horizon of some five years)?
What will be an ideal response?
This question is designed to elicit implicit assumptions from students.
By making their strategic scenarios explicit, students will have to explain what specific actions they expect from all competitors in this market: Farggi, Häagen-Dazs, Nestlé, Unilever-Frigo, Menorquina, etc.
On the basis of the different contributions, instructors may ask students to go back to the action plans made as an answer to question number 3 above, and to review and refine them. What can Farggi executives decide to do to exploit their opportunities, and to avoid or minimize perceived threats? What should they do to build on their strengths, and to correct their present weaknesses?
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Explaining negative news in the body of your message
A) is required in all negative messages. B) adds unnecessary verbiage to the message. C) is guaranteed to confuse even the most conscientious readers. D) is required for external audiences but isn't useful for internal audiences. E) is often helpful when you're writing to an important customer.
In comparison to the allowance method of applying the lower of cost or market rule to the valuation of inventory, the direct method has which of the following deficiencies?
A) The direct method reports a more conservative amount for net income. B) For the direct method, the loss or loss recovery due to market valuation changes is included in the cost of goods sold amount. C) The direct method makes changes to the historical cost of inventory reported on the balance sheet. D) The direct method can only be used with a perpetual inventory system.
Using a periodic inventory system, Bertram Company records inventory at lower of cost or market using the allowance method. The end-of-the-year journal entries to adjust inventories would include ?
A) ?a debit to Inventory to close beginning inventory at cost value. B) ?a debit to Inventory to close ending inventory at market value. C) ?a debit to Loss Due to Market Valuation for the excess of cost over market value. D) ?a credit to Allowance to Reduce Inventory for the excess of market over cost value.
Which of the following is a part of expert witness testimony during a trial?
a. presenting visuals to convey issues more completely regarding complex fraud issues b. responding to direct-questioning by the attorney representing the opposing side c. responding to questions for clarification from the jury d. responding to cross examination by the attorney who hired the expert witness