Marine Midland Bank sent market researchers door-to-door in the neighborhoods surrounding its branch banks. Each researcher wanted to spend 15 minutes talking with a head of the household about his or her savings accounts to discuss why he or she did not also have checking accounts and credit cards with the bank. Marine Midland researchers were using ________ to collect these data.
A. individual interviews
B. observational data collection
C. intercept interviews
D. secondary interviews
E. ethnographic research
Answer: A
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Hastings Company replenished a $500 petty cash fund. The petty cash box contained vouchers of $87 for postage, $173 for supplies, $58 for gasoline, and cash on hand of $182. The journal entry to reflect replenishment would include:
a. debits to expense of $318 b. a debit to Cash for $318 c. a credit to Petty Cash for $318 d. a credit to Cash or $182
In order for accounting information to be useful in making informed decisions, it must be:
A) internal. B) relevant. C) reliable. D) both relevant and reliable.
A simple organizational structure is also known as a ________ structure.
A. matrix B. multidivisional C. functional D. line-and-staff E. three-dimensional
______________ power in the Porter's Five Forces Model is high when buyers have many choices of whom to buy from and low when their choices are few.
Fill in the blank(s) with the appropriate word(s).