For different people, the same product might be a convenience product, a shopping product, or a specialty product.
Answer the following statement true (T) or false (F)
True
The same product might be seen in different ways by different target markets at the same time.
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One benefit of a service desk career is learning about different departments in a company and gaining appreciation of opportunities available within that company.
Answer the following statement true (T) or false (F)
Electro Corporation extends credit to its customers to purchase appliances, furniture, and other goods. Electro Corporation could borrow from a bank using its accounts receivable as collateral, thereby placing debt on the balance sheet. Electro Corporation would then use the cash collections from the receivables to repay the bank loan with interest. Instead, Electro Corporation sells the accounts
receivable to the bank for an amount that is less than the cash the bank expects to collect from receivables purchased. The amount takes account of expected defaults, which would reduce the cash generated by the receivables. This difference between the amount paid to Electro Corporation by the bank for the receivables and the amount that the bank expects to collect from the receivables provides the bank with its expected return. Electro Corporation must transfer additional uncollected receivables to the lender/purchaser bank under either of two conditions: (1) if any receivables become uncollectible, and (2) if interest rates rise above a specified level. Which of the following is/are true? a. Electro Corporation bears both credit risk and interest rate risk and should treat the transfer of receivables as a loan, with debt appearing on its balance sheet. b. Electro Corporation bears both credit risk and interest rate risk and should not treat the transfer of receivables as a loan, with no debt appearing on its balance sheet. c. Electro Corporation does not bear credit risk or interest rate risk and should not treat the transfer of receivables as a loan, with no debt appearing on its balance sheet. d. Electro Corporation has no further obligation and will treat this transaction as a sale, with no incremental debt on the balance sheet. e. Electro Corporation bears credit risk but no interest rate risk and should treat the transfer of receivables as a loan, with debt appearing on its balance sheet.
On June 1, Jasper Company signed a $25,000, 120-day, 6% note payable to cover a past due account payable. a. What is the total amount of interest to be paid on this note?b. Prepare Jasper Company's general journal entry to record the issuance of the note payable.c. Prepare Jasper Company's general journal entry to record the payment of the note on September 29.
What will be an ideal response?
Anna, a supervisor, places herself in a conflict of interest when she
A) asks her boss for a raise even though her performance has been mediocre. B) recommends the same salary increase for everyone in the department. C) attempts to sell vitamins and food supplements to her subordinates. D) attempts to sell vitamins and food supplements to poor people in her neighborhood.