Producers of convenience products and common raw materials typically seek ________ distribution — a strategy in which they stock their products in as many outlets as possible
A) selective
B) exclusive
C) intensive
D) exponential
E) comprehensive
C
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The following set of items describes activities completed by a company in purchasing and paying for merchandise. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. The clerk in the accounting department records both purchases and payments of invoices
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
On February 1, Year 1, Centra issues $100,000 semi-annual 12% bonds at par plus accrued interest. The interest is payable on July 1 and January 1 of each year. What entry is necessary to record the issuance of the bonds on February 1?
a. Cash 100,000 Bonds Payable 100,000 b. Cash 101,000 Bonds Payable 101,000 c. Cash 100,000 Interest Payable 1,000 Bonds Payable 101,000 d. Cash 101,000 Bonds Payable 100,000 Interest Payable 1,000 e. none of the above
In a team with representatives from many different departments in a company, the director of human resources keeps tension low among members. The director of human resources is fulfilling which role in the team?
a. Facilitator b. Harmonizer c. Leader d. Reporter
An entrepreneur is looking for funds to form a prototype and pitch the product. Which of the following should NOT be considered at this stage?
a. crowdfunding b. family and friends c. personal loans d. venture capitalists