The deep pocket theory represents a misunderstanding whereby shareholders mistakenly believe that they are entitled to recover losses on investments for which the auditor provided an unqualified opinion on the financial statements

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Which of the following statements does not describe how retailers use a customer lifetime value (CLV)?

A. Sophisticated statistical methods are typically used to estimate the future contributions from past purchases. B. CLV is used to identify and cater to the best and more profitable customers. C. A customer who spends $800 twice a year has a higher CLV than a customer that spends $100 each month. D. An RFM analysis is often used by catalog retailers and direct marketers in estimating their customers' lifetime value. E. CLV should be estimated under the assumption that the customer's future purchase behaviors will be the same as they have been in the past.

Business

Kevin exchanges an office building used in his business for another office building worth $200,000 plus $30,000 cash. The FMV of Kevin's old building is $280,000 (basis $150,000) and it is subject to a mortgage of $50,000. The mortgage is assumed by the other party.a.What is the amount of gain realized by Kevin?b.What is the amount of gain recognized by Kevin?c.What is the basis of the new building to Kevin?

What will be an ideal response?

Business

Answer the following statements true (T) or false (F)

1. We should always consider a viable and financially feasible way to solve internal labor shortages, including recruiting new employees, overtime, and outsourcing. 2. When considering using overtime, we must determine the effect on our current employees’ job satisfaction. 3. It is not necessary to identify the effective labor market for your organization; any labor market arrangement will yield results. 4. External recruiting involves filling job openings with current employees or people the employees know. 5. One of the strengths of public agencies is that they heavily prescreen recruits.

Business

One of the methods of doing a managerial personal analysis that is becoming popular is the 360-degree feedback

Indicate whether the statement is true or false.

Business