Based on servicescape usage, a dance studio is a(n) ________ environment.
A. Flexible service
B. Interpersonal services
C. Remote service
D. Vertical service
E. Self-service
Answer: B
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A company that uses the allowance method writes off a specific account as uncollectible, but then the customer pays. The entries made upon receiving payment will
A) decrease Cash. B) decrease Allowance for Uncollectible Accounts. C) increase Allowance for Uncollectible Accounts. D) decrease Uncollectible Accounts Expense.
U.S. GAAP requires firms holding trading securities to report unrealized holding gains and losses on the investments
a. in the income statement. b. as an adjustment to the Capital stock section of the balance sheet. c. in the footnotes to the financial statements. d. as an adjustment to the Treasury stock section of the balance sheet. e. none of the above
Perfection is necessary in order for a creditor to have a valid security interest
Indicate whether the statement is true or false
You are a manager that uses the method of intuition to make decisions. Considering this, which of the following actions would you probably take?
A. Your hire more workers because it just makes sense. B. You fire fifteen employees because your boss claims this action was necessary. C. You recommend expanding your company into Canada because of survey reports. D. You lower your bid for a new project due of your history with a competitor who is also submitting a bid. E. You approve a budget for a new product lined based on extensive market research.