Which of the following statements on strategy and tactics is not true?
A. Tactics are short-term, adaptive moves.
B. Tactics are designed to enact or pursue broad strategies.
C. Strategy is subordinate to tactics.
D. Strategy refers to the overall plan to accomplish one's goals.
Answer: C
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Which of the following is most likely the final stage of the business buying decision process?
A) problem recognition B) product specification C) proposal solicitation D) order-routine specification E) supplier performance review
Assume that on December 1, a $6,000, 90-day, 10 percent note receivable was received from a customer as an extension of his past-due account. The entry that would be made to record the note is:
A) Notes Receivable 6,000 Cash 6,000 B) Notes Receivable 6,000 Interest Income 6,000 C) Notes Receivable 6,000 Accounts Receivable 6,000 D) Cash 6,000 Accounts Receivable 6,000
Which of the following financial intermediaries is also known as a savings and loan association??
A. ?Commercial bank B. ?Credit union C. ?Mutual fund D. ?Thrift institution E. ?Pension fund
Rescission is an equitable remedy used when the parties have imperfectly expressed their agreement in writing
Indicate whether the statement is true or false