Which of the following statements about manufacturers' agents is true?
A) Manufacturers' agents are also called manufacturers' brokers.
B) Manufacturers' agents most typically work for only one manufacturer.
C) Manufacturers' agents have little control over the selling price of the products they carry.
D) Manufacturers' agents have unlimited sales territories.
E) Manufacturers' agents are entirely supervised by the manufacturer for whom they sell.
C
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Which of the following holds true for a general partnership if the partners have not entered into a written agreement?
A) Partners are required to contribute equal capital to the partnership and bear equal responsibilities. B) Individual partners are exempted from federal income taxes because those taxes are paid by the partnership. C) Partners are required to file a partnership return with the Internal Revenue Service that shows the partnership's profit or loss. D) The partnership is double-taxed because both the partnership and the individual partners pay taxes.
What are some of the steps the authors suggest firms take to ensure that their supply chains are sustainable?
What will be an ideal response?
Jason's employer pays year-end bonuses each year on December 31. Jason, a cash-basis taxpayer, would prefer not to pay tax on his bonus this year (and actually would prefer his daughter to pay tax on the bonus). So, he leaves town on December 31, 2018, and has his daughter, Julie, pick up his check on January 2, 2019. Who reports the income and when?
A. Jason in 2018. B. Julie in 2019. C. Julie in 2018. D. Jason in 2019. E. None of the choices are correct.
When the city of Pensacola, Florida, advertises itself as "the perfect place for the perfect Florida vacation," it is using
A. exploitation. B. puffery. C. niche marketing. D. unfair advertising. E. deceptive advertising.