In which of the following countries would an employee be the least likely to rebut a performance review?
A. Japan
B. Saudi Arabia
C. United States
D. All of the choices are correct.
Answer: A
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How does an authorized representative's signature work for negotiable instruments?
What will be an ideal response?
Smell-O-Vision designed an invention to pump odors into movie theatres. It flopped, in spite of its innovativeness. What kind of new entry strategy was the company using to penetrate the market?
A. imitative B. adaptive C. differentiated D. pioneering
All of the following statements about the purchase involved in organizational buying are true EXCEPT:
A. the size of the purchase involved in organizational buying is typically smaller than that in consumer buying but it is done more frequently. B. the length of time required to arrive at a purchase agreement can vary with size of purchase. C. the dollar value of a single purchase made by an organization often runs into thousands or millions of dollars. D. the size of purchase impacts who participates in the purchase decision. E. the size of purchase impacts who makes the final decision.
[The following information applies to the questions displayed below.]Erie Company reports the following comparative balance sheets and income statement information for the current year. Comparative Balance Sheets Beginning of Year End of YearAssetsCash $88,000 $48,000Accounts receivable 32,000 16,000Prepaid insurance 32,000 40,000 Inventory 8,000 24,000Property, plant & equipment 40,000 48,000Total Assets $200,000$176,000 Liabilities and Stockholder's Equity Accounts payable $48,000 $32,000 Salaries payable 16,000 40,000 Long-term notes payable 24,000 32,000 Common stock20,000 20,000Retained earnings 92,000 52,000Total Liabilities and Stockholders' Equity $200,000 $176,000 Income StatementRevenue $280,000Cost of goods sold (160,000)Gross
margin 120,000 Operating expenses (80,000)Net income $40,000What was the cash received from customers during the year? A. $248,000 B. $280,000 C. $264,000 D. $296,000