Bethany has just opened a new service business called Paws n' Claws, which provides dog grooming and doggie day care. Bethany has done research about the role dogs play in today's culture, particularly for those people who do not have children. She knows that some of these people represent a target that is urban, professional, and travels frequently. Bethany's business is likely to have a _____ and she will probably refer to the dog owners as ___.
A. high level of tangibility; customers
B. high level of inseparability; customers
C. high level of customer contact; clients
D. low level of perishability; customers
E. low level of intangibility; clients
Answer: C
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The big bang method
a. is more ambitious than the phased-in method. b. has been associated with many failures. c. both a. and b. d. neither a. nor b.
Paulson is retiring from the partnership on December 31, 2018. The profit-and-loss-sharing ratio among Simonsen, Paulson, and Richardson is 1:3:2, in the order given. Paulson is paid $100,000 cash in full compensation for her capital account balance. Which of the following journal entries would the firm record for this transaction? (Round the final answer to the nearest dollar.)
Simonsen, Paulson, and Richardson are partners in a firm with the following capital account
balances:
What are the advantages, disadvantages, and limitations of this system?
What will be an ideal response?
The legislative branch is permitted to authorize existing administrative agencies to enforce new statutes
Indicate whether the statement is true or false