Which of the following entities would have a "Paid-in Capital in Excess" account in the equity section of the balance sheet?
A. A municipality
B. A sole proprietorship
C. A corporation
D. A partnership
Answer: C
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Which of the following is a characteristic of a good objective statement?
A) It should assign individual responsibility. B) It should be defined in the qualitative terms. C) It should not be too challenging. D) It should be stated in measurable terms.
If a sale made in a foreign subsidiary is in the local currency, and there is a time lag on payment,
A. there is no transaction risk because the currency is local. B. economic risk may be present. C. interest may be due. D. there is likely to be exchange risk.
Which of the following statements is true about Generation Y?
a. Its members were born between 1965 and 1978. b. Its members are tech savvy but still use traditional media. c. Its members have the least spending power than any other cohort. d. Its members are the first generation of latchkey kids.
Personal selling is particularly important for retailers selling
A. discount items. B. online services. C. products that are complicated or expensive. D. trend or fashion items. E. low-cost services.