A recent addition to the traditional factors of production is technology
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Technology is considered a capital factor of production. Knowledge is considered an addition to the four traditional factors.
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Camp, Inc exchanged an old truck that cost $30,000 (now 50% depreciated) with a current fair value of $18,000 for equipment with an appraised value of $25,000. In addition, Camp paid cash of $6,000. At what value should Camp record the new equipment?
A) $25,000 B) $24,000 C) $22,000 D) $21,000
Although merchandise exports have grown faster than world output in nearly every year since 1980, the level of ________ exports worldwide has grown even more rapidly during this time.
Fill in the blank(s) with the appropriate word(s).
On November 15, Great Designs Company purchased an advertising campaign for the month of December. Great Designs paid cash of $2,700 in advance. The advertising campaign ran in December and was completed on December 31. (a) Prepare all necessary journal entries for the advertising campaign for November and December. (b) Explain why you prepared this/these journal entries
Hewlett-Packard recently shifted its entire U.S. salesforce into home offices and saved millions in staff salaries and office rent despite the expense of equipping each home office with a notebook computer, fax/copier, mobile phone, two phone lines, and office furniture. Such decreased selling costs are among the benefits of ________.
A. salesforce communication B. account management policies C. inbound teleselling D. direct selling E. salesforce networking