In the United States, government agencies take an interest in ensuring consumer and public safety but are not involved in preventing anticompetitive business practices

Indicate whether the statement is true or false


FALSE

Business

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The buyer told Carmella, "I can't buy your company's merchandise because I have bought from one of your main competitors for the last fifteen years and the company has always treated me fairly." What kind of objection is the buyer using?

What will be an ideal response?

Business

The leadership challenges that top executives face in making corrective adjustments when things are not going well include

A. knowing when to replace poorly performing subordinates and when to do a better job of coaching them to do the right things. B. deciding whether the company would be better off making adjustments that curtail the achievement of strategic objectives or that curtail the achievement of financial objectives. C. being able to discern whether to promote better achievement of strategic performance targets or whether to promote better achievement of financial performance targets. D. deciding when adjustments are needed and what adjustments to make. E. having the analytic skills to separate the problems due to a bad strategy from the problems due to bad strategy execution.

Business

A full-service stockbroker is best distinguished from a discount broker on which of the following characteristics?

I. commissions II. research III. range of investment products offered IV. quality of order execution A) I only B) I, II C) I, II, III D) I, II, III, IV.

Business

The Retained earnings account has a credit balance of $37,000 before closing entries are made. Total revenues for the period are $55,200, total expenses are $39,800, and dividends are $9,000. What is the correct closing entry for the revenue accounts?

A) Debit Income Summary $55,200; credit Revenue accounts $55,200. B) Debit Revenue accounts $37,000; credit Retained earnings $37,000. C) Debit Revenue accounts $55,200; credit Retained earnings $37,000. D) Debit Revenue accounts $55,200; credit Income Summary $55,200. E) Debit Income Summary $37,000; credit Retained earnings $37,000.

Business