Goodyear manufactures tires and owns the service centers that sell them. Campbell's Soup does not actually own the other channel members. However, its dominant position allows it to influence the distribution decisions of the entire system. For example, it has a major influence over how its products are displayed in retail stores, how its products are promoted, and more. Goodyear is an example of a(n) _______________. Campbell's is an example of a(n) ____________.
A. administered VMS; contractual VMS
B. contractual VMS; corporate VMS
C. corporate VMS; administered VMS
D. administered VMS; corporate VMS
E. corporate VMS; contractual VMS
Answer: C
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Which of the following factors is classified as environmental dynamics?
A. Competitive rivalry B. Market size C. Seasonality D. Social changes E. Barriers to entry
OSHA cited a manufacturing company for a(n) __________ violation for exposing workers to unguarded hazardous machinery. An inspection found that the company removed the machine guarding to increase the speed of product output and knowingly permitted workers to operate the machines in this unsafe manner.
A. willful B. serious C. other than serious D. de minimis E. None of the above
A(n) ________ does not actually conduct business; rather, it functions as a foreign contact point where interested parties can obtain information about a particular firm
A. representative office B. branch C. subsidiary D. franchise
Debbie is a limited partner in ADK Partnership. Her partnership Schedule K-1 reports $19,000 ordinary business income, $2,000 long-term capital gain, and $830 dividend income. Which of these items are subject to self-employment tax?
A. All income reported on a partner's Schedule K-1 are subject to self-employment tax. B. None of the items are subject to SE tax because Debbie is a limited partner. C. $19,000 ordinary business income D. $19,000 ordinary business income and $2,000 long-term capital gain