A company uses the perpetual inventory system and recorded the following entry:Accounts Payable2,500 Merchandise Inventory 50Cash 2,450This entry reflects a:
A. Purchase of merchandise on credit.
B. Payment of the account payable less a 1% cash discount taken.
C. Return of merchandise.
D. Sale of merchandise on credit.
E. Payment of the account payable less a 2% cash discount taken.
Answer: E
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A marketer is interested in segmenting a business market based on technology and customer capabilities. Which of the following major segmentation variables would the marketer most likely use to assist with the task?
A) demographic variables B) purchasing approaches C) situational factors D) personal characteristics E) operating variables
Answer the following statements true (T) or false (F)
1. “The Gospel of Wealth” was written by John D. Rockefeller. 2. Giving intended to meet current individual human needs is referred to as charity. 3. A nonprofit classified as 501(c)(3) cannot support candidates for public office. 4. The first person to establish a distinction between charity and philanthropy was Warren Buffet. 5. Increased government spending on social programs in the 1960s began with President Lyndon B. Johnson.
You own a candy bar company and are considering changing your packaging (candy wrapper or box) to be more environmentally friendly by using different (recycled or biodegradable) materials and less of those materials. This is a very socially responsible strategy on your part, but what functions of packaging must you not lose in this change?
What will be an ideal response?
Bowie is a holder of a promissory note obtained from Credit Lenders, Inc Regarding the defenses against payment of the note to which Credit Lendersis subject, Bowie, as an ordinary holder, is subject to
a. more defenses. b. no defenses. c. some defenses, but not as many. d. the same defenses.