Describe two potential problems associated with transactional websites.
What will be an ideal response?
The first problem is the potential for the online retailer to cannibalize sales for its bricks-and-mortar stores. Research indicates this fear is unfounded. Many consumers visit the websites to gain information before shopping at the traditional outlets. The second potential problem is the threat of channel conflict and the possible harm it will do to trade relationships. One method used to counter this problem is to use the transactional websites in cooperation with retail outlets. For example, the order can be placed at the website, but it has to be picked up at a traditional retail outlet, creating store traffic.
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In expansions, according to the liquidity-preference model, the increase in ____ leads to ____ in the equilibrium nominal interest rate.
A. money supply; an increase B. money supply; a decline C. money demand; a decline D. money demand; an increase
When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include the fact that
A. the countries have similar levels of economic development. B. the cultures of the two countries should be relatively similar and compatible. C. the two countries are part of the same regional trade agreement. D. export and import regulations are not insurmountable. E. the climate for foreign direct investment in the importing nation is relatively favorable.
Colbeck Corporation uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. The standard cost card for the company's only product is as follows:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials3.4gallons$6.00per gallons$20.40Direct labor0.70hours$19.50per hour 13.65Fixed manufacturing overhead0.70hours$14.00per hour 9.80Total standard cost per unit $43.85During the year, the company purchased 68,000 gallons of raw material at a price of $5.40 per gallon and used 62,660 gallons of the raw material to produce 18,400 units of work in process.Assume that all transactions are recorded on a worksheet as shown in the text. On the left-hand side of the equals sign
in the worksheet are columns for Cash, Raw Materials, Work in Process, Finished Goods, and PP&E (net). All of the variance columns are on the right-hand-side of the equals sign along with the column for Retained Earnings.When recording the raw materials used in production, the Raw Materials inventory account will increase (decrease) by: A. ($338,364) B. ($375,960) C. $375,960 D. $338,364
Workers who win an age discrimination suit may not collect punitive damages
a. True b. False Indicate whether the statement is true or false