Local newspaper readership has declined significantly in recent years. Not only are traditional newspapers losing subscribers, they are also losing advertisers. To combat these trends, many newspaper publishers now offer online versions of their printed newspapers. This is most likely a response to which environmental force?
A. economic, since few can afford a newspaper today
B. regulatory, since the government provides tax incentives for paper-based products
C. social, resulting from changing consumer preferences for information delivered online
D. technological, since high-speed printing presses have become more easy to use
E. competitive, resulting from new, smaller local newspapers that are flourishing
Answer: C
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A company sells a particular product only in the last month of its fiscal year. The company uses commission agents for such sales and pays them 6% of their net sales 30 days after the sales are made. The agents' sales were $10 million. Experience indicates that 10% of the sales are usually not collected and 2% are returned in the first month of the new year. The auditor would expect the year-end balance in the accrued commissions payable account to be:
A. $540,000. B. $588,000. C. $600,000. D. $528,000.
Which of the following would be considered a period cost for a manufacturing company?
A) indirect materials B) factory utilities C) direct labor D) sales salaries
Firms that wish to use indirect exporting go through ________ who understand the local market
A) direct investors B) franchisees C) intermediaries D) franchisors E) contract manufacturers
A type of m-commerce that simply involves sending a text message is known as ________
A) predictive marketing B) spam C) short-message system marketing D) telemarketing E) e-commerce