Which of the following describes the ways of thinking and learning in the guided missile culture?
A. Process-oriented, creative, ad hoc, and inspirational
B. Logical, analytical, vertical, and rationally efficient
C. Intuitive, holistic, lateral, and error correcting
D. Problem centered, professional, practical, and cross-disciplinary
Answer: D
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Which of the following types of marketing intermediaries assumes the selling responsibility for a business and receives a commission when a sale occurs, as part of a direct channel system?
A) retailers B) brokers C) wholesalers D) commercial distributors E) dealers
On October 1, 2019, Norway Company borrowed $225,000 by signing a nine-month, 8% note payable. Interest was accrued on December 31, 2019. Prepare the journal entry on July, 1, 2020, the date the note was paid. Omit explanation.
What will be an ideal response?
Advantages to transacting business as a sole proprietorship include
A. double taxation on the income of sole proprietors. B. limits on the sole proprietor’s personal liability. C. the ease and low cost of starting the business. D. the sole proprietor’s lack of responsibility for actions by employees or agents.
The transactions described in the following questions occurred in a voluntary health and welfare organization during the year ended December 31, 20X8. For each transaction, indicate its effect(s) on the organization's statement of activities prepared for the year ended December 31, 20X8. List all effects of transactions affecting more than one class of net assets. Indicate your choice(s) by entering the letter corresponding to the effects listed here:Effects of Transactions on Statement of Activities A. Increases net assets with donor restrictions. B. Decreases net assets with donor restrictions. C. Increases net assets without donor restrictions. D. Decreases net assets without donor restrictions. E. Transaction is not reported on the statement of activities. Incurred fund-raising
costs. What will be an ideal response?