The Pharmaceutical Research and Manufacturers of America sets guidelines for its member firms to follow regarding the use of unethical practices. Thus, it is engaging in
A. legislation.
B. lobbying.
C. self-regulation.
D. environmental scanning.
E. trade restraint.
Answer: C
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Blenham, Inc sells merchandise on credit. If a customer pays its balance due after the discount period has passed, what is the effect of the payment on Blenham's accounting equation?
a. Assets and stockholders' equity decrease. b. Assets decrease and liabilities increase. c. Assets and stockholders' equity increase. d. No net effect.
Marshall approaches each meeting of his fraternity with an acknowledgement that he will advocate for his perspective, but he is willing to give up on some of his preferences if it leads to a preferable resolution of a problem facing the fraternity. What conflict-handling style is Marshall employing?
a. avoiding b. dominating c. compromising d. integrating
Which of the following journal entries has an effect on cash provided by (used in) operating activities?
A. Payment of interest on long-term notes payable. B. Sale of an investment. C. Bad debts expense. D. Depreciation expense.
A customer must have a particular brand and will accept no substitutes. This is termed brand
A. preference. B. loyalty. C. insistence. D. recognition. E. requirement.