A ________ is a written promise to pay a specified amount on a definite future date within one year or the company's operating cycle, whichever is longer.

What will be an ideal response?


short-term note payable

Business

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As people in developing countries often prefer to buy in smaller quantities, ________ is one of the most important functions of intermediaries in developing countries and helps perpetuate the long channels of distribution, which are a major obstacle

to the expansion of retailing. A) product adaptation B) breaking bulk C) diversification D) transfer pricing E) dual adaptation

Business

Using cameras to monitor the activities of cashiers is an example of __________________________

Fill in the blank(s) with correct word

Business

Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000

Actual machine hours 200,000 Using the above information provided for Underfoot Products, compute the variable overhead efficiency variance. A) $10,000 (F) B) $10,000 (U) C) $40,000 (F) D) $40,000 (U)

Business

______ fuel the economy, since they create as much as 80% of new jobs.

a. Large businesses b. Small businesses c. Corporations d. Franchises

Business