Scenario: Connie's Corner CaféConnie decides to open "Connie's Corner Café" and finds the ideal location for her venture. However, it appears that Connie will have to approach investors or bankers for financial backing. When she talks to her local bank manager, Mr. Johnson, he immediately asks for Connie's business plan. Connie is in trouble because she does not know what a business plan looks like.In Connie's business plan, which of the following components is most likely to be of interest to Mr. Johnson?
A. Amounts and schedules for returns
B. Competitive advantage
C. Growth rate
D. Cash flow and cash cycle
Answer: D
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When callable bonds are redeemed below carrying value
A) Gain on Redemption of Bonds is credited B) Loss on Redemption of Bonds is debited C) Retained Earnings is credited D) Retained Earnings is debited
Which of the following interpersonal communication styles involves verbally attacking someone else, being controlling, provoking, and maybe even physically intimidating or violent?
A. The aggressive communication style B. The assertive communication style C. The passive communication style D. The directive communication style
Renee signed the Acme T-shirt Company's purchase order for an order of 200T-shirts with the picture of a polar bear wearing sunglasses on the front to sell through her retail shop
The contract contained a term that stated "Seller warrants that the goods will be of merchantable quality." On receiving the T-shirts, Renee discovered the logo of the polar bear had been printed upside-down. Which of the following statements best describes Renee's legal position? A) The court will decide whether the defective printing of the logo is a breach of a condition or a warranty. B) The Sale of Goods Act will specify whether the defective logo is a breach of condition or warranty. C) This is a breach of a condition and Renee can cancel the contract. D) The terms of the purchase order will determine if this clause is a condition or a warranty. E) Renee will be awarded pecuniary and punitive damages.
Which of the following statements does not apply to convenience goods?
A. Consumers are brand loyal to convenience products and are not likely to substitute other brands. B. Convenience products require minimal shopping effort. C. Marketing of convenience products requires intensive exposure of these goods in as many stores as possible. D. Consumers tend to feel that the most desirable retail facility for convenience products is the closest one. E. Colas, gasoline, and bread are good examples of convenience goods.