In a(n) _____, two or more firms both put some resources into a new, separate entity.
a. equity joint venture
b. subcontract
c. licensing arrangement
d. consortia
Ans: a. equity joint venture
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Valley Spa purchased $8700 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 14% promissory note for $8700. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note? (Use 360 days a year.)
A. Debit Accounts Receivable-Valley Spa $8700; credit Notes Receivable $8700. B. Debit Accounts Receivable-Valley Spa $8903, credit Interest Revenue $203; credit Notes Receivable $8700. C. Debit Bad Debt Expense $8903; credit Accounts Receivable $8903. D. Debit Accounts Receivable $8903; debit Bad Debt Expense $203; credit Notes Receivable $8700. E. Debit Bad Debt Expense $8700; credit Notes Receivable $8700.
Marketers often use principles and theories from sociology and psychology to better understand consumers' actions and to
A. contribute to the theoretical knowledge in those disciplines. B. satisfy ritual consumption needs while avoiding overconsumption. C. maximize postpurchase cognitive dissonance. D. avoid cultural reference group problems. E. develop basic strategies for dealing with their behavior.
Redefining work can be seen in many ways; which of the following relates to working at a distance?
a. Increased self-employment b. Choosing flexible work/alternative work arrangements c. Obsolete fixed job descriptions d. Virtual/global work
Esther had a balance of $3,245.88 in her checking account. She wrote checks for $58.90, $110.26, and $334.75. Her deposits were $685 and $220.15. What was Esther's new balance after these transactions?