The ability to meet short-term obligations and to efficiently generate revenues is called:

A. Creditworthiness.
B. Solvency.
C. Liquidity and efficiency.
D. Market prospects.
E. Profitability.


Answer: C

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A best practice by which salespeople can use technology to strengthen relationships with customers is by:

A) allowing customers to cancel orders without having to talk to a person B) sending email confirmations of appointments or agreements C) sending form letters with business cards through the mail D) placing automated prerecorded phone calls to customers on a programmed schedule E) faxing large numbers of sales letters to potential leads

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Judicial review is the power of the federal courts to declare a statute or governmental action unconstitutional and void

a. True b. False Indicate whether the statement is true or false

Business

Scenario 1.1 Use the following to answer the questions. ? Greensprings Cemetery in upstate New York offers a full-service funeral and burial that is non-toxic to the environment. All materials used in the burial are natural and will decompose with no negative impact. Greensprings' service is relatively new in the United States, but services of this type are common in Great Britain. A typical burial in Greensprings' cemetery includes a casket made from bamboo, wicker, paper, or other natural material. There are no headstones of stone or concrete that will detract from the landscape, but trees and plants as "markers" are allowed. The cost for a burial at Greensprings is approximately $3,000, compared to about $6,000 at most traditional cemeteries. Although business was slow at first,

Greensprings is now experiencing an increase in the number of burials, due to referrals and a newly-developed website. The owners of Greensprings were previously in the cemetery business, and are active conservationist and wanted to make their business more sustainable. After conducting research and finding that there were natural burial sites in Great Britain, they wanted to provide an alternative to other environmentally-conscious Americans like themselves. Refer to Scenario 1.1. The customers of Greensprings Cemeteries are most likely choosing the Greensprings business because of its _______, which is evidence of a ______ _____. A. pricing; sales orientation B. environmental consciousness; market orientation C. novelty; production orientation D. environmental consciousness; business orientation E. pricing; profit orientation

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Yusef, age 15, is a dependent of his parents. In 2018 he earned $5,000 from a part-time job and $8,000 of interest income on bonds given him by his grandparents, resulting in taxable income of $7,650. Under kiddie tax rules, calculation of tax requires dividing taxable income between net unearned income and earned taxable income. Yusef's taxable income will be divided as follows:

A. net unearned income -$5,900 and earned taxable income -$1,750. B. net unearned income -$1,750 and earned taxable income -$5,900. C. net unearned income -$0 and earned taxable income -$7,650. D. net unearned income -$7,650 and earned taxable income -$0.

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