Which of the following is a requirement for setting pricing objectives?
A. The objectives should be short-term oriented.
B. There should be only one pricing objective.
C. An evaluation of competitors' prices should be made.
D. The cost structure should be identified.
E. The objectives should be explicitly stated.
Answer: E
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Answer the following statements true (T) or false (F)
1. An expenditure that increases the capacity or efficiency of a plant asset or that extends the asset's life is known as a revenue expenditure. 2. Repair work that generates a capital expenditure because it extends a plant asset's useful life past the normal expected life is known as an extraordinary repair. 3. Ordinary repairs to plant assets are referred to as revenue expenditures. 4. If a minor repair was incorrectly debited to the asset account, expenses and net income would be 5. If a company expenses an extraordinary repair, net income would be understated and the asset would be understated.
A short-term investment in a U.S. Treasury bill costs $24,400 and will mature six months later at $25,000 . Management intends to hold the investment until it matures. The entry to record the initial investment is:
a. Short – Term Investments 25,000 Cash 25,000 b. Cash 24,400 Short – Term Investments 24,400 c. Short – Term Investments 24,400 Cash 24,400 d. Cash 25,000 Short – Term Investments 24,400 Interest Income 600
Based upon your credit report, the credit bureau will determine who may receive a credit card
Indicate whether the statement is true or false.
Describe Lewin's force-field theory. What causes an organization to stagnate? What needs to happen for an organization to change?
What will be an ideal response?