Explain business market segmentation on the basis of operating variables
What will be an ideal response?
Business markets can be segmented using the operating variables approach, which segments markets according to
the way that customers run their organizations. The operating variables approach is useful when the business sells
tools to increase operational efficiencies of companies.
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When using a work sheet:
a. an equal number of account titles are applicable to the Income Statement columns and the Balance Sheet columns. b. adjusting entries are not made since they appear on the work sheet. c. net income appears in both the Income Statement debit column and the Balance Sheet credit column. d. the Income Statement column and Balance Sheet column of the work sheet eliminate the need to prepare formal financial statements.
_____________ refutes the benefits of Adam Smith’s invisible hand by arguing that the self- interests of each individual do not always translate into the promotion of the public good for everyone.
a. Milton Friedman b. Michael Porter c. Garrett Hardin d. Henry Sidgwick
Corporate social responsibility refers to the coordinated actions of government organizations to address the ethical, social, and environmental impacts of business operations.
Answer the following statement true (T) or false (F)
An accountant is not liable for a false statement that affects the price of a security if the buyer or seller of the security knew the statement was false.
Answer the following statement true (T) or false (F)