Which of the following accounts is increased with a debit?
A) Common Stock
B) Rent Payable
C) Service Revenue
D) Prepaid Insurance
D
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Briefly explain the primary function of a statement of purpose, and then indicate the most useful way to phrase one
Indicate whether the statement is true or false.
Aries Inc. is a large a computer manufacturer which has been in the market for several years. Many other companies have started manufacturing compact, portable gadgets to keep up with the new technological developments. Aries, however, has been reluctant to adopt these changes because it thinks that its products are already popular. Which of the following concepts is illustrated in the scenario?
ISO certification ______.
A. is a one-time activity; that is, if the firm does not get certified, it cannot reapply. B. may take many assessments while the firm identifies its problems, improves, and reapplies for submission C. is welcomed by a company’s employees but not by its management D. is welcomed by a company’s management but not by its employees
Your friend Matt comes to you for advice because of your amazing business prowess. He would like to start his own business, but he is concerned about the high failure rate. If possible, he would like to mitigate his risk somewhat. He also has limited capital and not much business experience. You recommend that Matt consider opening a _______________, but you warn him that one disadvantage to doing so is that he would have _____________.
A. wholesaler; more debt B. retailer; less control C. wholesaler; less time D. franchise; less control E. direct sales organization; limited promotional opportunities