Which of the following statements about government markets is FALSE?
A. Government purchases are usually subject to a great deal of public review.
B. By law, a government unit might have to accept the lowest bid even for an unwanted product.
C. Most government customers buy by specification, using a mandatory bidding procedure.
D. The government is the largest customer group in all countries.
E. The government buyer must often accept the lowest bid that meets the specifications.
Answer: D
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The U.S. Small Business Administration suggests that businesses take specific actions to prepare for potential disaster situations.
Answer the following statement true (T) or false (F)
Fred, Kristina, and Nick each receive a $14,000 salary, as well as 15 percent interest on their respective average investments of $40,000, $20,000, and $80,000. If they share remaining income in a 4:3:2 ratio, respectively, by how much would Nick's account increase assuming net income of $81,000
_____ is market segmentation on the basis of personality, motives, lifestyles, and geodemographics.
A. Benefit segmentation B. Family life cycle segmentation C. Usage-rate segmentation D. Psychographic segmentation
Customer A,Smith owed Stonebridge Electronics $225
On April 27, 2016, Stonebridge determined this account receivable to be uncollectible and wrote off the account. The company uses the direct write-off method. On July 15, 2016, Stonebridge received a check for $225 from the customer. How should the July 15, 2016 transaction be recorded? A) July 15 Cash 225 Accounts Receivable - A. Smith 225 B) July 15 Accounts Receivable - A. Smith 225 Bad Debt Revenue 225 July 15 Cash 225 Accounts Receivable - A. Smith 225 C) July 15 Cash 225 Bad Debt Expense 225 D) July 15 Accounts Receivable - A. Smith 225 Bad Debt Expense 225 July 15 Cash 225 Accounts Receivable - A. Smith 225