What is the difference between selective attention and divided attention?
What will be an ideal response?
Selective attention means giving priority to some messages and putting others on hold. Divided attention occurs when a person must divide his or her mental efforts among tasks, each of which requires some amount of attention.
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Which of the following is NOT a reason for the government to regulate banks?
A. To reduce the externalities caused by bank problems B. To stabilize the money supply C. To prevent bank runs D. To keep banks large
In 2016, Scranton, Inc sold 2,000 carpets for $50 each. The carpets carry a 2-year warranty for repairs. Scranton estimates that repair costs will average 3% of the total selling price. What is the amount that would be recorded in the warranty liability account as a result of selling the carpets during 2016?
a. $1,500 b. $3,000 c. $50 d. No liability should be recorded until the carpets are returned for repairs.
After building a prototype of his new device, Jacob is asked to conduct rigorous functional testing to see if the device meets performance and safety qualifications. This is part of the ____ phase of the new-product development process.
A. product design B. screening C. product development D. concept testing E. test marketing
Using the information provided, what is the accounts payable cycle for the firm?
Perfect Purchase Electronics Selected Income Statement Items, 2014 Cash Sales $1,500,000 Credit Sales $7,500,000 Total Sales $9,000,000 COGS $6,000,000 Perfect Purchase Electronics Selected Balance Sheet Accounts 12/31/2014 12/31/2013 Change Accounts Receivable $270,000 $240,000 $30,000 Inventory $125,000 $100,000 $25,000 Accounts Payable $110,000 $90,000 $20,000 A) 4.06 days B) 4.87 days C) 6.08 days D) 24.33 days