A(n) ________ performs all the administrative, planning, budgeting, and coordinating functions at a small, local business.
A. advertising manager
B. creative director
C. account executive
D. copywriter
E. traffic manager
Answer: A
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On January 1, 2010, Gemstone Company obtained a $280,000, 10-year, 11% installment note from Guarantee Bank. The note requires annual payments of $47,544, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $30,800 and principal repayment of $16,744. The journal entry to record the issuance of the installment notes for cash on January 1,
2010 would include: A) a debit to Interest Expense of $30,800 B) a credit to Interest Payable of $195,440 C) a credit to Notes Payable of $280,000 D) a debit to Notes Payable of $475,440
If the total cost of alternative A is $50,000 and the total cost of alternative B is $34,000, then $16,000 is termed the:
A. differential cost. B. average cost. C. sunk cost. D. out-of-pocket cost. E. opportunity cost.
The Foreign Corrupt Practices Act of 1977 makes it illegal for U.S. firms to
A. attempt to make large payments or bribes to influence policy decisions of foreign governments. B. offer foreign businesses any type of incentive for purchasing their company's products and services. C. change their ethical standards when dealing with foreign firms. D. give even small tips or gifts in countries where such gifts are customary business practices. E. introduce any type of corruption into foreign businesses that have higher ethical standards than those of the U.S. firm.
Tunneling creates a temporary connection between to remote computer which blocks access to anyone trying to intercept messages sent over that link
Indicate whether the statement is true or false