Which of the following events does not require a journal entry?
a. Purchase of a one-year insurance policy
b. Agreement to perform a service at a future date
c. Performance of a service agreed to at a past date
d. Payment for a service performed previously
B
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In crafting a company's strategy, managers
A. are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility. B. face the biggest challenge of how closely to replicate strategies of successful companies in the industry. C. are well-advised to be risk-averse and develop a "conservative" strategy-"dare-to-be-different" strategies are rarely successful. D. have comparatively little freedom in choosing the "hows" of strategy. E. need to come up with a sustainable competitive advantage that draws in customers and produces a competitive edge over rivals.
Drawbacks of the postponement strategy include ______.
a. higher costs associated with customizing products and the need to have universal parts in inventory b. applicable to all business scenarios c. reduced inventory d. prompt customer service
A corporation can recapture any profits realized by an insider on any purchase or sale of the firm's stock within any six-month period
a. True b. False Indicate whether the statement is true or false
What occurs when a Web site can know enough about a person's likes and dislikes that it can fashion offers that are more likely to appeal to that person?
A. Operational CRM. B. Analytical CRM. C. Personalization. D. All of the above.