Which of the following statements about the steps in the target marketing process is true?
A) The first step in the target marketing process is setting marketing objectives.
B) There are four steps in the target marketing process.
C) The second step in the target marketing process is the identification of all segmentation variables.
D) The final step in the target marketing process is positioning.
E) The target marketing process is not related to positioning.
D
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The Vernon Corporation was formed on January 2, 2018. The company sold 20,000 shares of $8.00 par value stock for $20.00 per share. On July 1, 2018, Vernon bought back 4,000 shares of stock for $24.00 per share. The treasury stock was resold on September 1, 2018 for $32.00 per share.Which one of the following is the correct entry to record the resale of treasury stock?
A.
| DR Cash | 128,000 | ? |
| CR Treasury stock | ? | 96,000 |
| CR Retained earnings | ? | 32,000 |
B. DR Cash 128,000 CR Common stock 128,000
| DR Cash | 128,000 | ? |
| CR Common stock | ? | 128,000 |
C.
| DR Cash | 128,000 | ? |
| CR Treasury stock | ? | 96,000 |
| CR Paid-in capital from treasury stock | ? | 32,000 |
D.
| DR Cash | 128,000 | ? |
| CR Treasury stock | ? | 96,000 |
| CR Gain on sale of treasury stock | ? | 32,000 |
________ are worded in a way that allows the promisor to decide whether or not to perform the promise.
A. Novations B. Modifications C. Compositor promises D. Illusory promises
Which of the following scenarios gives rise to conflicts of interests in corporate governance?
A. Senior executives determining the compensation received by board members B. Board members hand-selecting employees in their company C. The absence of cross-fertilization of boards D. A CEO not chairing the board of directors
What is the difference between comparability and consistency?