With the death in 1992 of Sam Walton, the founder of Walmart, the Walton Family influence:
A) today is nonexistent.
B) is minimal despite having a family member on the board of directors.
C) remains strong with family control of just under 50% ownership.
D) None of the above.
C
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When the net price method is used to record credit sales, the sales discounts not taken account is reported as a(n)
A) addition to sales returns and allowances on the income statement. B) deduction from gross sales on the income statement. C) deduction from selling expenses on the income statement. D) addition to sales revenue on the income statement.
The statement of cash flows should be reviewed for several time periods in order to determine the major sources of cash and the major uses of cash
Indicate whether the statement is true or false
Which of the following regarding organizational climate and organizational culture is true?
A. Culture creates climates. B. Research on culture is generally quantitative in nature. C. Culture and climate are the same thing. D. Research on climates is generally qualitative in nature.
Competitive pressures stemming from buyer bargaining power tend to be weakest in which of the following circumstances?
A. There is a global decline in the demand for cable television services. B. The Internet offers a huge amount of information on a variety of products. C. Most consumers vary the brands they choose for their cookware and kitchen gadgets. D. Heinz owns a metal-can manufacturing subsidiary to cut back on supplier costs. E. The commercial jet aviation manufacturing industry offers highly differentiated products.