A survey of buyers' intentions forecast involves
A. starting with the last known value of the item being forecast, listing the factors that could affect the forecast, assessing whether they have a positive or negative impact, and making the final forecast.
B. making decisions without any intervening steps.
C. selecting the forecasting alternative that would allow a firm to survive financially even if the forecasts were totally incorrect.
D. asking the firm's salespeople to estimate sales during a coming period.
E. asking prospective customers if they are likely to buy the product during some future time period.
Answer: E
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Use this information to answer the following question. Baker Company has the following information for the pay period of January 1-15, 2010 . Payment occurs on January 20. Gross payroll $16,000 Federal income taxes withheld $1,800 Social security and Medicare rate 7.65% Federal unemployment tax rate .8% State unemployment tax rate 5.4% The entry on January 20 would be a debit to
a. Salaries Payable and a credit to Cash. b. Salaries Payable and a credit to Salaries Expense. c. Salaries Expense and a credit to Cash. d. Salaries Expense and a credit to Salaries Payable.
A procedure where a debtor by agreement with their creditors reorganizes their debts without going bankrupt is called
A) an act of insolvency B) a receiving order C) a proposal D) an assignment E) a conditional proposition
According to Henry Shue, who should have responsibility to protect workers from potential harm caused by imported goods? I. The employers of the workers facing the potential harm II. The governments of the people who may be harmed III. The companies importing the goods IV. Consumers who ultimately buy the goods
a. I only b. I and II c. I, II and III d. I, II, III and IV
A gray market refers to
A. a once active and powerful market that is rapidly becoming the bottom of the barrel. B. the willingness of one party to accept gifts in exchange for better prices or price allowances. C. a situation where products are sold through unauthorized channels of distribution. D. a pricing structure that is based upon haggling that is considered acceptable in some countries but not others. E. the segment of products specifically designed for the need of older buyers.