Money that must be paid to a retailer so it will take on a company's new product is known as
A. failure fees.
B. spiffs.
C. slotting allowances.
D. trade discounts.
E. push monies.
Answer: C
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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6100 of services on account to customer Anthony and $1000 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
A) The control account, Accounts Receivable, will be increased with a debit of $7100. B) The individual customer accounts in the subsidiary ledger will be increased with credits. C) After posting these transactions, the sum of the balances in subsidiary accounts receivable will not equal the control account balance. D) The control account will have a debit balance and the subsidiary accounts will have a credit balance. This keeps the accounting equation in balance.
Which of the following statements reflects a reason for business principals to invest in stock?
A. Investors see their stock ownership as a long-term investment for personal retirement and security. B. Investors see their stock ownership as an investment in a company and its technology. C. Investors are playing the stock for short-term gain. D. All of the answers are correct. E. None of the answers are correct.
Which of the following is NOT one of the steps taken by Pratt & Whitney to address concerns about on-time delivery?
a. Pratt offered various financial incentives for completing on time, as well as financial and legal penalties for not completing on time. b. Pratt took a long-term view to ensure that capacity and suppliers were coordinated for future deliveries. c. Pratt started monitoring suppliers 100 weeks ahead of when parts were due to arrive at the manufacturing centers. d. If a supplier was not meeting its quality or production goals, Pratt sent engineers to help fix the problem at the source.
An __________ occurs if a principal approves or accepts the benefits of the actions of an otherwise unauthorized agent
a. agency by ratification b. agency by estoppel c. agency by independent action d. agency by intervention