Mark owes $2000 each to his business partners, Ryan, Bryan, and Clark. Since Mark is facing financial difficulties, his business partners agree to accept a total amount of $4800 from Mark as a cancellation of the unpaid balance due to them. This type of an agreement is known as a _____
A) composition of creditors
B) writ of certiorari
C) forbearance
D) promissory estoppel
A
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Unlike physical products, services cannot be seen, tasted, felt, heard, or smelled before they are bought. This characteristic of services is known as ________
A) inseparability B) intangibility C) variability D) perishability E) heterogeneity
What is the job candidate's goal during an interview?
A) To exchange information B) To verify information given on the résumé C) To fill a job opening D) To find the right match for the candidate's goals and capabilities E) To maximize salary potential
The percentage of people willing and able to buy ultra luxury cars in China is much lower than
that of Britain. Yet Rolls Royce is marketing its cars in China far more intensely than in any other region. Which of the following explains this phenomenon? A) People in China are more likely to pay more for ultra luxury cars than people in developed nations. B) China and other Asian countries have a larger upscale potential than Europe. C) Market segmentation is easier in Asia as they have a large diverse population. D) Transport and shipping to Asian countries is extremely easy and costs very little.
The cost of abnormal losses are
a. treated as product costs. b. treated as period cost. c. absorbed by the costs of the good units. d. none of the above.