Explain the double-entry system of the balance of payments
What will be an ideal response?
Answer: The balance of payments uses a double-entry system. Each transaction gives rise to two entries: One entry is a credit, and the other entry is a debit of equal value. Any transaction resulting in a payment to foreigners is entered in the BOP accounts as a debit. Any transaction resulting in a receipt of funds from foreigners is entered as a credit. In the double entry system, the flow of money from a domestic resident to a foreign resident is a credit and the item that gives rise to the flow (either an import of a good or service or the purchase of a foreign asset) is a debit.
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Which of the following statements best explains why idea screening may be the most important step of new product development?
A) It increases the number of ideas generated. B) Some potentially profitable ideas may be ill perceived by the idea screeners. C) Some ideas that will become market disasters may be originally viewed favorably by the idea screeners. D) It gives research and development team members an opportunity to gather consumer feedback. E) It saves the company money in product development costs by giving the green light to only the product ideas that are likely to be profitable.
The percentage representing what a company earned from its assets is called __________.
Fill in the blank(s) with the appropriate word(s).
A(n) ________ is a manifestation of assent by the offeree to the terms of the offer in a manner invited or required by the offer as measured by the objective theory of contracts
A) acceptance B) revocation C) proposal D) counteroffer
Which of the following is a limitation of ethnographic research?
A. These studies avoid observing consumers in their natural environment. B. In these studies, participants never recognize their behavior patterns and motivations. C. These studies are generally considered inapplicable to everyday situations. D. These studies cost more to conduct than focus group studies. E. In these studies, strong personalities can often wield undue influence.