Fournotts Printing Inc. manufactures and sells photocopiers, printers, and scanners to various corporate offices. This is an example of _____.
A. contract manufacturing
B. business marketing
C. licensing
D. franchising
Answer: B
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Based on the following information: Credit sales $172,000 Collections on accounts receivable during the year 170,000 Cash sales 810,000 Unadjusted debit balance in Allowance for Doubtful Accounts 40 Sales returns and allowances for credit sales 2,000 Accounts receivable, beginning of the year 14,000 If expected bad debts are estimated to be 1 1/2% of ending accounts receivable, the adjusting
entry to recognize bad debts will include a debit to Bad Debt Expense for A) $170 B) $190 C) $210 D) $250
The UCC does not cover:
a. negotiable instruments. b. investment securities. c. sales of goods. d. gifts.
The advertising agency Positive Impressions lands a large new corporate client. The accounts manager, Julie, assembles a team of 12 people from across the company's many departments to assess and plan how best to serve the client's needs. Weeks pass, and things seem to be going well. Julie holds some off-site meetings at a local brew pub, and as a result, the team members appear comfortable with each other, telling occasional jokes and engaging in friendly competition at the company's foosball table during breaks. Meetings are often productive, with a variety of viewpoints expressed, and while not everyone agrees with every idea, mutual respect within the team is evident, with one small exception. Josephine, from accounting, and Eric, from operations, argue over small details. They
typically have heated discussions outside of team meetings, with Eric coming to Josephine's desk to complain about her requests for what Eric perceives as excessive paperwork and unnecessary budgetary constraints. Julie is concerned that the tension between Eric and Josephine might affect the overall productivity of the team. Keeping the concepts behind interpersonal processes in mind, which of the following actions should Julie take? A. introduce an incentive program that rewards the top 25 percent of team members with bonuses and threatens the bottom 25 percent with termination B. hire a consultant to facilitate team-building exercises that promote group effort over individual achievement C. refrain from interfering in the team's established dynamic, but monitor Josephine and Eric's working relationship for any escalation D. divide the group into smaller pairings, making sure that Josephine and Eric have no shared duties or unnecessary interactions E. create a team hierarchy that requires Josephine and Eric to report to senior team members who are empowered to issue reprimands
Venture capitalists tend to invest in companies that have identified what seems to be an outstanding business opportunity, have taken some action to make the opportunity happen, such as written a new software application or secured a patent, and need
an infusion of funds and management expertise to expand and launch the business. Indicate whether the statement is true or false