Explain the perceived risks involved in Internet shopping.
What will be an ideal response?
Some consumers are concerned about buying products through an Internet channel. Specifically, some believe that the security of credit card transactions is greater in stores than online, and they also worry about the potential for privacy violations. Although many consumers remain concerned about credit card security, extensive security problems have been rare. Almost all retailers use sophisticated technologies to encrypt communications. Also, all major credit card companies provide some consumer protection for retail transactions. Consumers also are concerned about the ability of retailers to collect information about their purchase history, personal information, and search behavior on the Internet without their knowledge. They are worried about how this information will be used in the future.
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The right of self-defense is an example of ________.
A. procedural law B. criminal law C. substantive law D. civil law
You have emerged as the leader of your business finance group project in class. Your group has been working together for five weeks on the major part of the project, the in-class group presentation. One group member has missed quite a few group meetings lately and is minimally contributing to the ideas and final product for the in-class presentation. This group member is a junior in finance with a minor in communications and stated that she is an expert in PowerPoint and multimedia presentations. Based on SLII, which leadership style should you exhibit?
What will be an ideal response?
Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $12,200 of merchandise on account under terms 2/10, n/30. 2) The company returned $1700 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $18,400 cash. What effect will the return of merchandise to the supplier in event (2) have on Darlington's financial statements?
A. Assets and liabilities decrease by $1700. B. None. It is an asset exchange transaction. C. Assets and liabilities decrease by $1666. D. Assets and stockholders' equity decrease by $1700.
Seeking products or services that have been successful in one market and introducing the same basic product or service in another segment of the market is referred to as ________ new entry.
A. proactive B. pioneering C. imitative D. adaptive