Cost of goods sold represents
a. Expired costs during a period and is reported on the income statement.
b. Expired costs and is reported on the balance sheet as an expense.
c. Unexpired costs and is reported on the balance sheet as an asset.
d. The cost of goods that will be purchased during the next operating cycle and is reported on the balance sheet as an asset.
a
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Joe E. Conomist purchased 100 shares of IBM corporation in 2011 for $10,000. In 2014, Joe sold these shares to Sally Forth for $15,000. How would this sale of stock in 2014 affect IBM corporation?
A. IBM makes $5,000 in profit. B. IBM invests $5,000 in capital equipment. C. IBM suffers a loss of $5,000. D. IBM is unaffected.
The organization originally devoted just to internal communications was the ________
A) Public Relations Society of America B) International Associations of Business Communicators C) American Marketing Association D) American Advertising Federation
In the continuous change process model, the person responsible for managing the change effort is calledÂ
A. a transition manager. B. a change agent. C. an ombudsman. D. a modification mogul. E. an evolution emissary.
Which of the following is a difference between product invention and product adaptation?
a. Product invention involves altering the promotional strategies for a product, while product adaptation does not involve altering such strategies. b. Product invention takes the marketing mix into consideration, while product adaptation does not take it into consideration. c. Product invention involves drastically changing an existing product, while product adaptation involves slightly altering a basic product. d. Product invention applies only to products that are displayed in local markets, while product adaptation applies to products all around the world.