CellTones, a new company selling several types of cellular phones, has closely modeled its products after successful products that are already in the marketplace
As it prepares to enter the market with its new products and services, which of the following should concern CellTones the most?
A) legal obligations to suppliers and dealers
B) patent laws
C) distribution requirements
D) product liability suits
E) limited warranties
B
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Subjective information:
A. attempts to describe something that is unknown. B. describes the environment surrounding the organization. C. describes specific operational aspects of an organization. D. quantifiably describes something that is known.
Honda has invested $550 million in building an assembly plant in Greensburg, Indiana; IKEA spent nearly $2 billion to open stores in Russia; and South Korea's LG Electronics purchased a 58% stake in Zenith Electronics. All of these are examples of:
A) acquisition. B) licensing. C) franchising. D) FDI. E) exporting.
The greatest disadvantage of tailored applications is their _____.
Fill in the blank(s) with the appropriate word(s).
The petty cash fund has a current balance of $250, which is the established fund balance. Based on activity in the fund, it is determined that the balance needs to be changed to $600. Which journal entry is needed to make this change?
A) Debit the Petty Cash account and credit the Cash account for $600. B) No journal entry is needed because this change only involves cash. C) Debit the Petty Cash account and credit the Cash account for $350. D) Debit the Cash account and credit the Petty Cash account for $350.