A person named in a will to carry out the deceased's wishes is a(n)
a. conservator.
b. executor.
c. receiver.
d. administrator.
B
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A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share. The entry to record this transaction would include:
A. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $196,000. B. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $182,000. C. A credit to Common Stock for $14,000. D. A credit to Common Stock for $182,000. E. A debit to Cash for $14,000.
To avoid litigation, some credit-granting companies
a. choose not to respond to customer requests for credit. b. choose to omit from their letters the explanation for credit denial. c. make the name and address of the credit bureau inaccessible to the consumer. d. refuse credit by phone rather than in writing.
A differentiation strategy enables a business to address the five competitive forces by
A. serving a broader market segment. B. providing protection against rivalry. C. increasing economies of scale. D. having brand-loyal customers become more sensitive to prices.
Which of the following statements about contests and sweepstakes is true?
A. Contests depend on luck, and participation is free. B. Contests are generally effective tools for creating long-term relationships with customers. C. Sweepstakes are promotions that require participants to exhibit some skill. D. Sweepstakes usually draw about ten times more participants than contests. E. Contests and sweepstakes are not useful for creating interest and publicity.