Explain the benefits of conducting secondary research.
What will be an ideal response?
Answers will vary. Secondary research provides information established previously by other researchers. By engaging in library research on a specific topic, researchers can learn what information is available on the topic, which helps to establish a point of departure for further research. Needless duplication of costly research efforts can be avoided, and areas of needed research can be discovered. Careful and extensive secondary research can provide the opportunity to make a significant contribution to a body of knowledge. REJ: Please see the section "Selecting a Method of Gathering Information" for more information.
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In return for promising to make future payments, a firm receives cash or other assets with a measurable cash-equivalent value. The firm records a long-term liability for that amount and the book value of that borrowing at any time equals the
a. future value of all the then-remaining promised payments using the historical market interest rate applicable at the time the firm originally incurred the liability. b. current value of all the then-remaining promised payments using the historical market interest rate applicable at the time the firm originally incurred the liability. c. present value of all the then-remaining promised payments using the market interest rate applicable at the current time. d. present value of all the then-remaining promised payments using the historical market interest rate applicable at the time the firm originally incurred the liability. e. future value of all the then-remaining promised payments using the using the market interest rate applicable at the current time.
Which of the following is not true regarding the asset-liability approach to defining accounting elements?
a. The asset-liability approach focuses on the measurement of net assets. b. The asset-liability approach is arguably superior to the revenue-expense approach. c. The asset-liability approach is the basic orientation of current financial reporting practices. d. SFAS No. 109 uses the asset-liability approach by focusing income tax accounting on the recognition of tax assets and liabilities.
Analyze the list of the key prinicples of fair trade as defined by the Fair Trade Federation (2008), are they sufficient to have the desired effect, are there others that should be included or some that should be excluded? How would you enforce these? Support your points
What will be an ideal response?
Walker Farms has heard from many of its customers that they would like organic produce. As a result Walker Farms became a certified organic farm. Walker realizes that, while not all consumers are willing to pay the higher prices for organic produce, his customers want the organic produce. Walker realized:
A. he missed sales by not concentrating on the average customer B. different customer groups have different needs and wants C. he is a sales-oriented farm D. his business is about selling the cheapest vegetables E. his aim is a goal of profit through maximum sales volume