Our team has just the right mix of people with complementary skills and strengths. Our team is displaying which characteristic of team excellence?
A. standards of excellence
B. clear norms of conduct
C. competent team members
D. principled leadership
C. competent team members
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A corporation purchased 1,000 shares of its $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What is the amount of revenue realized from the sale?
A) $0 B) $5,000 C) $2,500 D) $10,000
A company uses the effective interest method to amortize a bond premium. Which of the following statements is true regarding the carrying value of the bond?
A. The carrying value will decrease by smaller amounts each year. B. The carrying value will decrease by equal amounts each year. C. The carrying value will decrease by larger amounts each year. D. The carrying value will be lower than the face value of the bond until maturity.
When some customers see all competitors' offerings as basically the same and are willing to spend much time and effort to buy the item at the lowest price, the item is a(n)
A. analysis product. B. specialty product. C. heterogeneous shopping product. D. staple product. E. homogeneous shopping product.
Which of the following companies has the smallest need for short-term financial planning?
A) a company that produces Christmas decorations. B) a toy manufacturer. C) a company that makes condiments such as ketchup. D) a company that provides catering services for weddings.