All these are characteristics of an entrepreneurial environment except:
A. new ideas are encouraged.
B. the organization operates on frontiers of technology.
C. there are short term horizons.
D. it uses a multidiscipline teamwork approach.
Answer: C
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During 2016, a company wrote off $7,500 in uncollectible accounts receivable. At the end of the year, bad debt expense was estimated using a percent of gross sales. In 2017, the company collected $1,500 from an account that was written off in 2016. Recording this collection would include
A) a debit to Retained Earnings. B) a credit to Allowance for Doubtful Accounts. C) a decrease to gross receivables. D) an increase to net receivables.
Amway, Mary Kay, Tupperware, Avon, and many other product and service lines are sold using ________ or network marketing distribution systems
A) multilevel B) lateral C) horizontal D) linear
The only retailer that offers Fresh Sun organic food products is Daily Needs. Therefore, Fresh Sun is an example of a(n)
A. copycat brand. B. generic brand. C. private-label brand. D. exclusive brand. E. premium private label.
Provide four examples of companies that used solutions to service failures
What will be an ideal response?