A ______ is a formal document that provides, among other things, background and financial information about the company.
a. business model
b. business plan
c. business strategy
d. investor plan
b. business plan
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A new company issues 2,000 shares of $5 par common stock in exchange for the services of a lawyer during its first month of business. The lawyer's normal fee is $15,000 for similar work. Which of the following would be recorded if the stock is not currently trading?
a. A debit to Common Stock for $10,000 b. A credit to Common Stock for $15,000 c. A debit to Additional Paid-In Capital—Common Stock of $5,000 d. A credit to Additional Paid-In Capital—Common Stock of $5,000
The organizing model of union representation is consistent with which of the following union organizing campaign tactics?
A. Sending mass mailings to workers. B. Union literature portraying management as "the enemy." C. Extensive one-on-one personal contact. D. Handbilling outside the employers premises.
Which of the following costs typically include both fixed and variable components?
A. Direct labor B. Factory overhead C. Direct materials D. None of these
Describe the growth stage during implementation of a market strategy by a small firm.
What will be an ideal response?