__________ is a pool of money employees can spend on capital improvements if a company meets its profitability goals.
A. Profit-sharing fund
B. Employee stock ownership
C. Intracapital
D. Skill-based pay
Answer: C
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Which of the following statements is false regarding a credit memorandum?
a. A credit memorandum is added to the balance per the company's books b. A credit memorandum could be issued for interest earned on checking balances c. A credit memorandum is issued when the bank collects a note for the customer. d. A credit memorandum is subtracted from the balance per the company's books.
Which one of the following statements regarding the gross profit method is true?
A) The gross profit method is a complicated method to use in practice. B) The gross profit method results in a more accurate inventory valuation than the retail inventory method. C) The gross profit method is an acceptable method to estimate the cost of inventory destroyed by a casualty. D) The gross profit method is often used to calculate the year-end inventory for financial accounting purposes.
The price of one currency stated in terms of another is known as the ____________.
Fill in the blank(s) with the appropriate word(s).
As the customer service manager for a heating and air conditioning firm, you are constantly bombarded with complaints about service people not showing up, not having the parts needed to make repairs, and being unable to quickly get the materials needed to fix things. You decide to bring in a marketing consultant to assist you with these problems. What area of marketing specialization would you look for in a marketing consultant and what recommendations would you expect to receive? Be specific; this is a heating and air conditioning firm.
What will be an ideal response?