Which method of preparing the operating activities section of a cash flow statement is recommended by the Financial Accounting Standards Board?
What will be an ideal response?
Direct method
Because people typically find the direct method easier to understand, the Financial
Accounting Standards Board (FASB) recommends it.
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The marketing management team of Superior Foods Inc. hired a research firm to collect preference data from consumers in several former Soviet Bloc countries. However, the researchers struggled to get these data, especially from older citizens who were afraid that the information would be used against them, as it had been when they were under a Communist government. Which of the following problems associated with collecting primary data in global markets does this scenario exemplify?
A. limited access B. inaccurate language translation C. Insufficient comprehension D. unwillingness to respond E. unreliable sampling procedures
David's firm had grown steadily and the products and systems had become more and more complicated. He had been a star representative and had personally serviced and developed all his accounts. In the past year or so, David and his sales colleagues have been changing their approach due to the sales growth and increasing product complexity. Customer relationships are now being handled more and more by ________-whose primary duties are order getting, order taking, or sales support-which is typical of firms experiencing this kind of growth.
A. manufacturer's representatives B. marketing executives C. retailer representatives D. selling teams E. customers
Iggy hires Joy to act as his agent to purchase Kup-a-Koffee Kompany. Iggy tells Joy to reveal only that she is buying the firm on behalf of a third party, without telling Kup-a-Koffee's seller who that third party is. Iggy is
A. a disclosed principal. B. an implied principal. C. an undisclosed principal. D. a partially disclosed principal.
In managing international organizations, cultural differences pose more of a challenge than differences in laws.
a. True b. False