Charles and Ellen, an unmarried couple, run an ice cream store. The business is not incorporated and they have filed no formation papers with the state. Their business is a
a. sole proprietorship.
b. partnership.
c. franchise.
d. limited liability company.
b
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An entry that includes the Cash account is probably an adjustment
a. True b. False Indicate whether the statement is true or false
Which of the following statements about group and organizational norms is false?
A. The pressures of escalating commitment may predispose parties to commit more unethical actions. B. Organizations may exert direct pressures on an individual to breach ethics or even break the law in the service of achieving some corporate or organizational goal. C. Job related pressures within particular work groups, departments, or divisions may be such that marginally ethical behavior is not only tolerated, but even condoned. D. The more loyalty and commitment people feel toward an organization, the less likely they may be to suspend their own ethical judgment and engage in unethical behavior.
Which of the following is the major disadvantage of a straight salary plan?
A. It increases a retailer's variable costs. B. Many employees have trouble understanding a straight salary plan. C. It does not directly relate pay incentives to productivity. D. It is expensive to administer. E. It makes it very difficult for a retailer to assign employees to activities.
As a salesperson, you should know that the second of the five mental steps that a prospect goes through in deciding to buy from you is:
A. incubation. B. insight. C. intent. D. inference. E. interest.