What type of utility is practiced by those companies who allow marketers to have a voice in product design and identifying features customers want?
A) Time
B) Possession
C) Form utility
D) Value
E) Place
Answer: C
Explanation: C) With form utility, marketing has a voice in designing products with features that customers want.
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______ is the primary means by which we express and share our selves with others.
a. Culture b. Perspective-taking c. Communication d. Media
Exhibit 8-3 The J. Love Company uses a periodic inventory accounting system and values its inventory by using the lower of cost or market rule. The allowance method is used in applying the lower of cost or market rule. The company adjusts and closes its books annually on December 31. Below are the cost and market values of the company's year-end inventories for a three-year period: Date Cost
Market December 31, 2016 $70,000 $70,000 December 31, 2017 56,000 46,000 December 31, 2018 64,000 58,000 ? ? Refer to Exhibit 8-3. Which of the following journal entries would be correct as of December 31, 2017, to apply the lower of cost or market rule to the valuation of inventory? A) Inventory 46,000Income Summary 46,000 B) Loss Due to Market Valuation 10,000Allowance to Reduce Inventoryto Market 10,000 C) Cost of Goods Sold 10,000Inventory 10,000 D) Cost of Goods Sold 10,000Allowance to Reduce Inventoryto Market 10,000
Which of the following is not an element of bureaucratic control?
A. authority B. performance appraisals C. rules D. budgets E. exchange relationships
Ravi has just presented a preview of the office of the future to a group of office managers. Which of the following would provide the best closing to his presentation?
a. "Adjusting to the dynamic environment of the future will require an adaptable attitude, an inquisitive mind, and an adventurous spirit. Are you up to the challenge?" b. "Get ready for a new way to work." c. "That's all I have. Thank you." d. "So, now you have a better understanding of the office of the future. Are there any questions?"