Which of the following are primarily the digital systems for managing inventory, tracking sales, pricing products, selling products, and dealing with customer service inquiries?
A. Information systems
B. Logistics
C. Corporate infrastructure
D. Marketing and sales
E. Materials management
Answer: A
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Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 2.5% charge on sales for using its card. On May 26, Brinker had $4,800 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit?
A. Debit Accounts Receivable $4,800; credit Sales $4,800. B. Debit Cash $4,800; credit Sales $4,800. C. Debit Cash $4,680; debit Credit Card Expense $120; credit Sales $4,800. D. Debit Cash $4,920; credit Credit Card Expense $120; credit Sales $4,800. E. Debit Accounts Receivable $4,680; debit Credit Card Expense $120; credit Sales $4,800.
Following public revelations of pressures on bank staff to set up fraudulent accounts in order to reach sales quotas, the CEO of Wells Fargo Bank was forced to apologize to and recompense customers for whom the bank had set up false credit card and auto loan accounts. As a consequence, over 100,000 account managers were terminated, a $186 million fine was paid to the U.S. government, the CEO was forced to resign, and the company's stock price also sharply declined. Which of the following costs did Wells Fargo incur?
A. internal administrative costs, tangible costs, and intangible costs B. internal administrative costs but not visible costs C. visible but not intangible costs D. only visible and internal administrative costs E. visible and intangible costs
In the context of incentive systems, ________ reward employees for increasing productivity or saving money in areas under their direct control.
A. gainsharing plans B. profit-sharing plans C. merit pay systems D. stock plans E. individual incentive plans
If a firm's ROE is equal to 9% and its ROA is equal to 6%, its equity multiplier must be 1.5.
Answer the following statement true (T) or false (F)