Nathan knows that many of his fellow salespeople try to sell clients products the clients do not need or want. Nathan believes this is wrong. He prides himself on learning what each client needs and wants so that he can sell them the products that are the best for them. It appears Nathan is at the ______ of moral development.
A. preconventional level
B. conventional level
C. postconventional level
D. neoconventional level
C. postconventional level
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Bob and Bill allocate 2/3 of their partnership's profits and losses to Bob and 1/3 to Bill. The net income of the firm is $20,000. The journal entry to close the Income Summary will include ________. (Do not round any intermediate calculations.)
A) credit to Income Summary for $13,333 B) debit to Bob, Capital for $6667 C) credit to Bob, Capital for $13,333 D) credit to Income Summary for $20,000
Prime cost consists of:
A. direct materials and manufacturing overhead. B. direct labor and manufacturing overhead. C. direct materials and direct labor. D. direct materials, direct labor and manufacturing overhead.
When a customer returns goods to the seller, the seller debits the Purchase Returns account
Indicate whether the statement is true or false
When building quality into services, managers should
A. not focus on training, because people will learn by experience. B. watch over employees to make sure they do things right every time. C. empower employees by giving them the authority to satisfy customer needs. D. require employees to check with managers before correcting any problem. E. ensure managerial involvement at all levels of interaction with customers.