What are the advantages of locating a startup in one's home community?
What will be an ideal response?
Locating a business in one's home community may offer certain unique advantages that cannot be found elsewhere:From a personal point of view, the entrepreneur may generally appreciate and feel comfortable with the atmosphere of his or her home community.It may be easier to establish credit with hometown bankers who know an entrepreneur's personal background and reputation.Having personal connections in the local business community can lead to invaluable business advice.If local residents are potential customers, the small business owner probably will have a better idea of their tastes and preferences than would an outsider.Friends and relatives in the community may be quick to buy the product or service and gladly spread positive reports about it to others.
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Gretchen was disappointed in herself when she did not recognize her professor at the restaurant where she works. She wondered why she didn’t notice someone that she sees three times a week. Gretchen’s perception of her professor was influenced by what factor?
A. the comprehender B. the perceiver C. the environment D. the focal object
Magnum Corporation had 60,000 of its $3 par common stock issued before its recent 3-for-1 stock split. The market price of the stock was $30 per share before the split. Which of the following is true as a result of the split?
A) There were 20,000 shares of common stock issued after the split. B) The balance in the common stock account increased to $180,000. C) The market price of the stock was not affected. D) The par value of the stock decreased to $1 per share.
In the law of contract, consideration means:
A) Courtesy B) Respect C) Performance D) Discharge E) Value
Eide Company, a manufacturer of small appliances, had the following activities, allocated costs, and allocation bases
Activities Allocated Costs Allocation Base Account inquiry (hours) $66,000 2,400 hours Account billing (lines) $42,000 17,000 lines Account verification (accounts) $14,000 21,000 accounts Correspondence (letters) $14,000 1,400 letters The above activities are carried out at two of its regional offices. Activities Northeast Office Midwest Office Account inquiry (hours) 100 hours 250 hours Account billing (lines) 12,000 lines 9,000 lines Account verification (accounts) 1,100 accounts 700 accounts Correspondence (letters) 70 letters 130 letters What is the cost per account for the account verification activity? (Round your answer to the nearest cent.) A) $27.50 B) $3.88 C) $10.00 D) $0.67