Former executives often provide counseling assistance to small businesses through the ___________________________________ program.
Fill in the blank(s) with the appropriate word(s).
Service Corps of Retired Executives
SCORE
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Day-to-day manager–employee interactions are based on which type of power?
a. connection b. coercive c. referent d. legitimate
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Indicate whether the statement is true or false
Vincent Company purchased merchandise from Liu Company with an invoice price of $300,000 and credit terms of 2/10, n/30. Liu Company's cost for the merchandise was $200,000. Vincent Company paid within the discount period. Assume that both buyer and seller use a perpetual inventory system and the gross method of recording invoices.1. Prepare entries that Vincent should record for (a) the purchase and (b) the cash payment.2. Prepare entries that Liu should record for (a) the sale and (b) the cash collection.3. Assume that the buyer borrowed enough cash to pay the balance on the last day of the discount period at an annual interest rate of 9% and paid it back on the last day of the credit period. Compute how much the buyer saved by following this strategy. (Assume a 365-day year and round
dollar amounts to the nearest cent.) What will be an ideal response?
Unlike business-to-consumer (B2C) e-commerce, business-to-business (B2B) e-commerce involves:
A. extensive negotiation over specifications, delivery, installation, support, and other issues. B. very large typical individual transactions. C. customers who do little research and often base their purchases on impulse. D. firms that seldom develop a close working relationship with individual customers.