A known obligation of an uncertain amount that can be reasonably estimated is reported as an estimated liability.
Answer the following statement true (T) or false (F)
True
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Millard works in a manufacturing company where he is rewarded for how quickly he can produce pistons. While some employees have ideas for how to make the process more creative, Millard recognizes that there is really no reward for speaking-up. In his experience, if the company is made more efficient, then he will be expected to produce more for the same reward as before. Millard’s company lacks ______ for creativity.
A. supervisory support B. work group support C. organizational support D. coordinated support
Claire has just told her best friend, "I'm so glad I bought the Samsung Galaxy S5 rather than those other smartphones I was considering. Look at this incredible display, and the battery stays charged forever." Which stage of the consumer purchase decision process does Claire's conversation identify?
A. problem recognition B. alternative evaluation C. information search D. purchase decision E. postpurchase behavior
In 2017, it came to light that in order to meet its demanding profit target, Wells Fargo put such pressure on its employees to hit sales quotas that many employees responded by fraudulently opening customer accounts. Wells Fargo's ethical lapses are NOT a good example of
A. how, within the boundaries of a social contract, local cultures or groups can specify what additional actions may or may not be ethically permissible. B. how certain universal ethical principles apply in those situations where all societies-those endowed with rationality and moral knowledge-have a common moral agreement on what is right and wrong. C. how universal ethical norms always take precedence over local ethical norms. D. how universal ethical principles or norms leave some "moral free space" for the people in a particular country (or local culture or even a company) to make specific interpretations of what other actions may or may not be permissible within the bounds defined by universal ethical principles. E. how local ethical norms always take precedence over universal ethical norms.
Which of the following is not true with regard to company sales potential for a market segment?
A. The magnitude of industry-wide marketing activities has a direct impact on the company's sales potential. B. The magnitude of industry-wide marketing activities has an indirect but definite impact on the company's sales potential. C. The market potential places an absolute limit on the size of the company's sales potential. D. The intensity and effectiveness of a company's marketing activities relative to competitors' activities affect the size of the company's sales potential. E. If a company spends twice as much as any of its competitors on marketing efforts, and if each dollar spent is more effective in generating sales, the firm's sales potential will be high relative to competitors'.