Consumers are less price sensitive ________
A) to high cost items
B) when they frequently change their buying habits
C) when there are more substitutes
D) when there are more competitors
E) when they do not readily notice higher prices
E
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Under the allowance method of accounting for uncollectible accounts, the write-off of an account as uncollectible affects
a. the income statement; b. the balance sheet; c. the statement of retained earnings; d. all of these; e. none of these
Which of the following does a code of conduct likely contain that a code of ethics would not?
a. the description of a specific law and what it means for an employee b. a principle that states all employees should obey the law whenever possible c. multiple statements of values d. broad principles that suggest ideal behavior on the whole or how an ideal person would be
Performance evaluation measures in an organization
a. affect the motivation of subunit managers to transact with one another. b. always promote goal congruence. c. are less motivating to managers than overall organizational goals. d. must be the same for all managers to eliminate suboptimization.
Which of the following statements about Internet resources is correct?
a. Resources must be reliable and credible to appear on the Internet. b. Internet resources may be used without concern for copyright, since materials must be cleared for posting before appearing on the Internet. c. Because of the vast material available on the Internet, the technologically capable business researcher does not need to rely on traditional library research any longer. d. Selected texts of articles and documents are often available via the Internet, while full texts may only be available in published form.