Member checking and peer review are reported in the methodological section of research reports.
Answer the following statement true (T) or false (F)
True
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Customer service professionals greatly improve their ability to build customer loyalty based on their ability to understand two kinds of insights. Describe these
What will be an ideal response?
The marketing concept refers to
A. the activity for creating, communicating, delivering, and exchanging offerings that benefit its customers, the organization, its stakeholders, and society at large. B. the idea that an organization should (1) strive to satisfy the needs of consumers (2) while also trying to achieve the organization's goals. C. the view that organizations should satisfy the needs of consumers in a way that provides for society's well-being. D. the belief that an organization should continuously collect information about customers' needs, share this information across departments, and use it to create customer value. E. the process of identifying prospective buyers, understanding them intimately, and developing favorable long-term perceptions of the organization and its offerings so that buyers will choose them in the marketplace.
Assume 4 separate purchases of 100 units of the same item in order at the following prices: 100 @ $0.25 each; 100 @ $0.23 each; 100 @ $0.21 each and 100 @ $0.26 each. An ending inventory count showed 230 of the items still in stock. Under the FIFO method, cost of ending inventory is:
a. $53.90 b. $54.30 c. $59.30 d. $53.40 e. $55.00
On December 31, Carmack Company received a $215 utility bill for December that it will not pay until January 15. The adjusting entry needed on December 31 to accrue this expense is:
A. Debit Utilities Expense $215; credit Prepaid Utilities $215. B. Debit Utilities Expense $215; credit Accounts Payable $215. C. Debit Prepaid Utilities $215; credit Cash $215. D. Debit Prepaid Utilities $215; credit Accounts Payable $215. E. Debit Accounts Payable $215; credit Utilities Expense $215.