Explain what a pioneering new entry means and when it is appropriate to use it.
What will be an ideal response?
A pioneering new entry is a company entry into an industry with a radical new product or highly innovative service that changes the way business is conducted. This kind of entry breakthrough is appropriate when it is unique enough that there may be little direct competition.
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In general, periods in which the Taylor rule suggested tighter monetary policy than the Fed actually put in place are periods of rising inflation. Periods in which the Taylor rule suggested that monetary policy should be easier than the Fed actually put in place are periods of declining inflation. Describe a recent exception to these results.
What will be an ideal response?
What is the difference between the "problem" and the "research objective" in marketing research?
A) Functionally, there is no difference. B) A problem is a situation that calls for managers to make a choice among alternatives; research objectives are totally dependent on the problem but they are different in that they state what the researcher must do. C) A problem is a situation that calls for managers to make a choice among alternatives; research objectives are NOT totally dependent on the problem but they are different in that they state what the researcher must do. D) A research objective is a situation that calls for managers to make a choice among alternatives; problems objectives are totally dependent on the problem but they are different in that they state what the researcher must do. E) The two terms are so dissimilar, it is not possible to describe the difference.
State Street Digital Company starts the year with $3500 in its Estimated Warranty Payable account. During the year, there were $213,000 in sales and $4900 in warranty repair payments. State Street Digital estimates warranty expense at 4% of sales. The Warranty Expense for the year is ________.
A) $8520 B) $4900 C) $3500 D) $7120
The accountant for Belden Jewelry Repair Services, Inc. forgot to make an adjusting entry for Depreciation Expense for the current year. Which of the following is an effect of this error?
A) Total assets are understated. B) Revenues are overstated. C) Total assets are overstated. D) Net income is understated.