Which of the following applies to standard products?
A) They are readily available.
B) Their prices are comparatively stable.
C) They are purchased ONLY after firm quotations.
D) Only A and B above apply.
E) All of the above apply.
D
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Many marketing experts feel the advancement of the Internet and information technology has caused a shift in channel power:
A) from producers to wholesalers B) away from manufacturers C) from retailers to wholesalers D) to consumers
Which of the following statements is not true of Millennial employees?
A. They want acclaim and think everyone should get a trophy. B. They are racially and ethnically diverse. C. Many are burdened by financial hardships. D. Many live with their parents. E. Many are unable to afford their own homes due to student-loan debt.
The _____ occurs when ratings of all employees fall at the high end of the scale.
A. leniency error B. recency effect C. primacy effect D. central tendency error
On December 1, Milton Company borrowed $300,000, at 8% annual interest, from the Tennessee National Bank. Interest is paid when the loan matures one year from the issue date. What is the adjusting entry for accruing interest that Milton would need to make on December 31, the calendar year-end?
A. debit Interest Expense, $4,000; credit Interest Payable, $4,000. B. debit Interest Payable, $2,000; credit Interest Expense, $2,000. C. debit Interest Expense, $2,000; credit Cash, $2,000. D. debit Interest Expense, $24,000; credit Interest Payable, $24,000. E. debit Interest Expense, $2,000; credit Interest Payable, $2,000.