When a firm expands into a new product segment, it is known as
A. product recall.
B. diversification.
C. product divestment.
D. monopolization.
E. cartelization.
Answer: B
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Journalize the following transactions for a merchandiser that uses the gross method for recording sales and a perpetual inventory system.
On January 8, inventory was sold for $7,000 on account. Credit terms were 2/15, n/30 (cost $5,500). On January 31, cash was received in full settlement of the January 8 sale. Omit explanations. What will be an ideal response?
Which cluster analysis procedure can automatically determine the optimal number of clusters by comparing the values of a model-choice across different clustering solutions?
A) divisive B) sequential threshold C) Ward's method D) TwoStep
Which method of setting advertising budgets best helps management think about the relationship between promotion spending, selling price, and profit per unit?
A) adaptive-control method B) objective-and-task method C) competitive-parity method D) affordable method E) percentage-of-sales method
The belief that leaders are born with the talent and abilities for leadership is called ______.
A. trait approach B. state approach C. social learning D. drive