A stock split requires no formal journal entry and may be recognized simply by a memorandum notation in the general journal and in the appropriate capital stock accounts
a. True
b. False
Indicate whether the statement is true or false
True
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The win-win strategy can best be summed up by which of the following statements?
A) Both buyer and seller come away from the negotiation having given up something they originally wanted. B) Both buyer and seller come away from the negotiation feeling that their best interests have been served. C) Both buyer and seller come away from the negotiation feeling that they have made a new friend. D) Neither buyer nor seller comes away from the negotiation feeling that they have made progress. E) Neither buyer nor seller comes away from the negotiation having given up anything.
Team leader Derek shows integrity when he
A) gives five percent of his salary to charity. B) gives all subordinates equal praise. C) often behaves in a manner inconsistent with his values. D) accomplishes what he said he would carry out.
When a supermarket manager decides to offer online ordering at the store's website, what is the decision about?
A. Product B. Price C. Production D. Place E. Promotion
Scenario 16.2 Use the following to answer the questions. The State Farm Group includes several companies. Probably the most well-known company in the group is the State Farm Insurance company, the largest auto and home insurer in the United States. State Farm Insurance provides protection for approximately 78 million policies on auto, fire, life, and health services. It is also a leading insurer of homes and autos in Canada. Another company in the State Farm group is the State Farm Bank, which was opened in 2000, beginning State Farm's entry into the financial services field. However, the State Farm Bank is not a traditional bank, in that it has no branch offices and its services are provided through State Farm agents, a call center, the mail, and on the Internet. It currently serves
over 1.9 million bank accounts. Refer to Scenario 16.2. When deciding on its advertising allocation for the coming year, State Farm Insurance could choose to spend the same amount as Safe Auto, another auto insurance company, or it could allocate an amount that is 10% of last year's premiums. If State Farm uses the same amount as Safe Auto, this method of advertising appropriation is known as the ____ approach; if State Farm uses the amount based on last year's premiums, the method would be _____. A. competition-matching; percent-of-sales B. arbitrary; competition-matching C. competition-matching; objective-and-task D. arbitrary; objective-and-task E. objective-and-task; percent-of-sales