Which is true with regard to the target customer?
a. The target customer is the target buyer.
b. The target customer is the target end-user.
c. The target customer can be a target end-user and/or a target buyer.
d. The target customer is always the target user.
c. The target customer can be a target end-user and/or a target buyer.
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Tiffin Company had retained earnings of $50,000 at the end of last year. For the current year, income was $20,000 and dividends $15,000 . What is the balance in retained earnings at the end of the current year?
a. $85,000 b. $45,000 c. $55,000 d. $60,000 e. none of the answers are correct
______ sit at the head of the organizational structure and are responsible for overseeing top management and ensuring loyalty to shareholders.
A. Boards of directors B. Ethics officers C. Chief operating officers D. Presidents
The terms which specify who owns and pays for the cost of the transportation are:
A) incoterms. B) freight on board (FOB) terms. C) both A and B D) neither A nor B
Which of the following might occur when a firm increases its collection efforts?
A) a decline in accounts payable B) an increase in bad debts C) an increase in inventory costs D) an increase in sales