Elysian Events, a wedding planning company, noted how many couples had a wedding catastrophe of some kind. As a result, it abandoned wedding planning and began offering wedding insurance to protect couples from financial losses due to weather emergencies, stolen wedding rings, damaged wedding dresses, etc. Elysian Events is using a ________ growth strategy.
A. Share building
B. Diversification
C. Service development
D. Market development
E. Market integration
Answer: C
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Tomlin Enterprises has a credit balance of $80,000 in its Allowance to Adjust Long-Term Investments to Market account before adjustment. Its investment portfolio has a total cost of $500,000 and a market value of $450,000. The year-end adjustment entry that would be recorded in the books of Tomlin Enterprises is:
A) Long-Term Investments 30,000 Allowance to Adjust Long-Term Investments to Market 30,000 B) Allowance to Adjust Long-Term Investments to Market 30,000 Unrealized Loss on Long-Term Investments 30,000 C) Allowance to Adjust Long-Term Investments to Market 50,000 Long-Term Investments 50,000 D) Unrealized Loss on Long-Term Investments 50,000 Long-Term Investments 50,000
Briefly discuss the four decisions that management must make concerning joint processes
Jim is the leader of an anti-nepotism group. Mark, a former member of Jim's group, claims that Jim was involved in shoplifting. Which of the following statements is true about this scenario?
A) Jim has to prove that Mark made the defamatory statement in malice to recover for defamation. B) Mark is protected by an absolute privilege as Jim is a public figure. C) Mark is not protected by public figure privilege. D) Jim does not have to prove that the defamatory statements are false to recover for defamation.
Under the UCC, a court can find that a contract exists even though the court cannot determine
exactly when the contract came into existence. Indicate whether the statement is true or false