The universal functions of marketing
A. are performed by the same parties in all economies.
B. must be performed in all macro-marketing systems.
C. are needed to help foster various separations and discrepancies.
D. are performed the same way in all economies.
Answer: B
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Which one of the following organizations is recognized for providing guidance on a framework for internal control?
a. AICPA. b. PCAOB. c. IAASB. d. COSO..
Alex Corporation acquires securities classified as marketable securities for $10,000 . The entry is as follows:
a. Cash...................................................................10,000 Marketable Securities.................................................10,000 b. Marketable Securities........................................10,000 Bonds Payable........................................................10,000 c. Marketable Securities........................................10,000 Common Stock.......................................................10,000 d. Marketable Securities........................................10,000 Cash........................................................................10,000 e. Bonds Payable...................................................10,000 Marketable Securities................................................10,000
A senior sales executive says, "Achieve your sales target, or you will be demoted." This statement suggests the senior sales executive's use of ________.
A. connection power B. coercive power C. expert power D. referent power
On January 1, a company issues bonds dated January 1 with a par value of $400,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $383,793. The journal entry to record the first interest payment using straight-line amortization is:
A. Debit Interest Expense $12,379.30; debit Discount on Bonds Payable $1,620.70; credit Cash $14,000.00. B. Debit Interest Expense $15,620.70; credit Premium on Bonds Payable $1,620.70; credit Cash $14,000.00. C. Debit Interest Expense $14,000.00; credit Cash $14,000.00. D. Debit Interest Expense $15,620.70; credit Discount on Bonds Payable $1,620.70; credit Cash $14,000.00. E. Debit Interest Payable $14,000.00; credit Cash $14,000.00.