Randy Lewis has come up with the idea of a system for picking up people's cars while they are at work, washing and waxing them, and returning them for a fee. Having been a big success in his home city, Randy plans to expand his operation into other cities. The service described here seems best suited to
A. party-plan retailing.
B. franchising.
C. vending.
D. corporate chain retailing.
E. off-price retailing.
Answer: B
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A company had no office supplies available at the beginning of the year. During the year, the company purchased $250 worth of office supplies. On December 31, $75 worth of office supplies remained. How much should the company report as office supplies expense for the year?
A. $75. B. $125. C. $325. D. $250. E. $175.
Individuals who self-sacrifice or go above and beyond the call of duty in order to gain the attribution of dedication from observers are engaging in ______.
A. self-promotion B. ingratiation C. exemplification D. faking
If the credit balance of the Allowance for Doubtful Accounts account exceeds the amount of a bad debt being written off, the entry to record the write-off against the allowance account results in:
A. An increase in the expenses of the current period. B. No effect on the expenses of the current period. C. A reduction in equity. D. A reduction in current liabilities. E. An increase in current assets.
An email message being incorrectly classified as spam and blocked is referred to as?
a. Negative positive blocking b. False positive blocking c. False negative blocking d. Negative negative blocking