Discuss briefly the costs of making sales on account.
What will be an ideal response?
A major cost is the possibility of encountering uncollectible accounts. Also, there is the cost of clerical tasks such as running background checks and maintaining customer records. In addition, there is an implicit interest rate as measured by the money that could be earned if the firm had sold the goods for cash.
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When preparing a bank reconciliation, outstanding checks would be
A) added to the balance per bank statement. B) added to the balance per company records C) deducted from the balance per bank statement D) deducted from the balance per company records
Which statement about the correlation coefficient, r, is true?
A) The calculation of r assumes that X and Y are metric variables whose distributions have the same shape. B) The correlation coefficient computed for a population is denoted by ?(rho). C) Data obtained by using rating scales with a small number of categories tends to deflate r. D) All of the statements are true.
Which of the following is true of international divisions that are structured as geographical organizations?
A) Geographical organizations are operating units under the export department. B) Geographical organizations are usually formed to implement whole-channel supply chains. C) Geographical organizations are managed by product managers, each responsible for different product groups. D) Geographical organizations are inadequate if the firm moves into joint ventures or direct investments. E) Geographical organizations are managed by country managers responsible for salespeople, distributors, and licensees in their respective countries.
The element of transformational leadership in which leaders articulate a compelling vision of the future and have a strong sense of purpose is ______.
a. inspirational motivation b. individualized consideration c. intellectual stimulation d. independent thinking