________ depicts a market in which the sources of competitive advantage can change quickly, and maintaining above-average profits over a long time is difficult.
a. Hypercompetition
b. Low-level competition
c. High-level competition
d. Oligopoly
a. Hypercompetition
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Which of the following statements is true about cohort analysis?
A) A cohort is a group of respondents who experience the same event within the same time interval. B) It is unlikely that any of the individuals studied at time one will also be in the sample at time two. C) The term cohort analysis refers to any study in which there are measures of some characteristics of one or more cohorts at two or more points in time. D) All are correct.
Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. On July 10, Gideon received a check for the full amount of $2,000 from Hopkins. On July 10, the entry or entries Gideon makes to record the recovery of the bad debt is:
A.
| Accounts Receivable-A. Hopkins | 2,000 | |
| Bad debts expense | 2,000 | |
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
B.
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
C.
| Cash | 2,000 | |
| Bad debts expense | 2,000 |
D.
| Accounts Receivable-A. Hopkins | 2,000 | |
| Allowance for Doubtful Accounts | 2,000 | |
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
E.
| Allowance for Doubtful Accounts | 2,000 | |
| Accounts Receivable-A. Hopkinse | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 | |
| Cash | 2,000 |
When a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities, it is said to be socially responsive.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. All foundations are required to spend down their assets within 20 years after the donor’s death? 2. Most foundations prefer a simple call or letter before receiving a formal proposal. 3. It is illegal to try and use a personal relationship with a foundation official in order to gain consideration for a grant. 4. Most foundation grants are unrestricted so a nonprofit can use them to meet any expense. 5. Most foundations restrict their giving to specific geographic areas.