In order for The Gift Market, a local specialty store, to purchase Christmas merchandise for selling in its store, it had to borrow money from a local bank. This debt owed to the bank is a(n)
A. liability.
B. expense.
C. owners' equity.
D. asset.
E. credit.
Answer: A
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Which of the following is not a valid BPMN gateway type?
A. Parallel gateway. B. Exclusive gateway. C. Serial gateway. D. Inclusive gateway.
Use this information for questions that refer to the United Tools case.Terry Harter is marketing manager for United Tools, and Mike O'Reilly is the firm's logistics manager. They work together to make decisions about how to get United's hand and power tools to its customers-a mix of manufacturing plants and final consumers (who buy United tools at a hardware store). United Tools does not own its own transport facilities, and it works with wholesalers to reach its business customers.Together, Harter and O'Reilly try to coordinate transporting, storing, and product-handling activities to minimize cost while still achieving the customer service level their customers and intermediaries want. This usually requires that United keep an inventory of most of its products on hand; but demand for
its products is fairly consistent over time, so inventory is easy to manage.Harter has identified four options for physical distribution systems she could use to reach two of her key wholesalers, Ralston Supply and Ricotta Tool Co. The total cost for each option-and the distribution service levels that can be achieved-are as follows:
Ralston Supply expects a very high level (90 percent) of distribution customer service. Ricotta Tool Co. is willing to settle for a 70 percent customer service -leveleven if that means some products will occasionally be out of -stockif it gets products at a lower price.For its large retail hardware customers (like Home Depot), United regularly ships smaller orders directly to individual stores or in some cases to the retail chain's warehouses. Cross-country shipments usually go by rail, while regional shipments usually go by truck. Which physical distribution system is best suited for Ralston Supply?
A. truck
B. airfreight
C. rail and warehouse
D. inland waterways
E. This cannot be determined without more information.
The three most widely recognized types of consumer decision making are
A. limited problem solving, extended problem solving, and routinized response behavior. B. extended problem solving, enduring problem solving, and situational decision making. C. planned problem solving, impulse buying, and limited decision making. D. internal problem solving, external problem solving, situational behavior. E. responsive behavior, planned behavior, and impulsive decision making.
What is the purpose of the Troubled Asset Relief Program (TARP)?
A)?To provide subsidies to homeowners with mortgages that exceed 31% of their monthly income for payments B)?To place Fannie Mae into a conservatorship C)?To buy up assets in foreclosure and unfreeze the credit markets D)?To eliminate subprime lending