Wood Tales Inc., a furniture company, was facing declining sales. In a brainstorming session, the company's product development team was asked to think about how a chair would be used from the perspective of four-year olds. After several creative ideas, the team came up with the idea that a chair could be used as a ladder, a table, or a shoe rack if it could be dismantled and rearranged. Hence, the company was able to commercialize its multi-purpose chair. This method of seeking novel alternatives to a problem is referred to as ________.
A. divergent thinking
B. reflective thinking
C. parallel thinking
D. convergent thinking
Answer: A
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Outline the duties under a contract model, and the ethical perspective that underlies tort law.
What will be an ideal response?
Landmark Corp. buys $300,000 of Schroeter Company's 8%, 5-year bonds payable, at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be:
A. Debit Cash $300,000; credit Debt Investments-HTM $300,000. B. Debit Long-Term Investments-HTM $300,000; credit Cash $300,000. C. Debit Cash $300,000; credit Bonds Payable $300,000. D. Debit Cash $300,000; credit Interest Receivable $300,000. E. Debit Cash $300,000; credit Interest Revenue $300,000.
The maturity matching approach to current asset financing uses long-term funds to finance all permanent asset requirements.
Answer the following statement true (T) or false (F)
Which of the following error messages is displayed in Excel Solver when attempting to solve an unbounded problem?
A. Solver could not find a feasible solution. B. Solver cannot improve the current solution. All constraints are satisfied. C. Solver could not find a bounded solution. D. Objective Cell values do not converge.