. In the acronym AEIOU, what does A stand for?
a. alternatives
b. activities
c. attitude
d. assessment
b. activities
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Which contractual system is distinguished by the fact that it is normally based on some unique product or service; method of doing business; or trade name, goodwill, or patent that has been developed?
A) voluntary chain B) retailer cooperative C) franchise D) corporate chain E) warehouse club
Which of the following products would most likely require a problem-solution sales presentation?
A. Automobiles B. Corporate insurance C. Home sound system D. Personal computers E. Cosmetics
Grayson Bank agrees to lend the Trust Company $100,000 on January 1. Trust Company signs a $100,000, 12%, 9-month note. What entry will Trust Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30?
A) Notes Payable 109,000Cash 109,000 B) Notes Payable 100,000Interest Payable 9,000Cash 109,000 C) Interest Expense 9,000Notes Payable 100,000Cash 109,000 D) Interest Payable 12,000Notes Payable 100,000Cash 112,000
Stocks that are readily available to the general public and that are bought and sold on the open market are known as
A) initial public offerings. B) publicly traded issues. C) treasury stocks. D) blue chip stocks.