Kalin, Liza, and other consumers form MuniMart Cooperative. This form of business organization makes it possible for these individuals to
a. avoid personal liability for the acts of the cooperative.
b. obtain an exemption from state laws governing corporations.
c. pay no taxes on their business income.
d. pool their resources to gain an advantage in the marketplace.
D
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In terms of marketing expenditures, companies tend to spend the most (41%) on:
A) media advertising B) trade promotions C) consumer promotions D) direct marketing
Financial information exhibits the characteristic of consistency when
a. accounting procedures are adopted which smooth net income and make results consistent between years. b. extraordinary gains and losses are shown separately on the income statement. c. accounting entities give similar events the same accounting treatment each period. d. expenditures are reported as expenses and netted against revenue in the period in which they are paid.
Betty authorizes William to act as her agent. William is required to purchase a vehicle on Betty's behalf. Which of the following statements is true of this scenario?
A) If a seller knows that William is acting as an agent, but does not know Betty's identity, William is ultimately liable to the seller. B) If a seller knows that William is acting as an agent, but does not know Betty's identity, Betty is said to be an undisclosed principal. C) If a seller does not know that William is acting as an agent, William is liable to the seller. D) If a seller knows Betty's identity and is aware that William is an agent, Betty is said to be a partially disclosed principal.
Which of the following recognizes that if an organization needs highly skilled, knowledgeable workers to carry out its strategy, then all staffing activities must be coordinated toward identifying and attracting such employees?
A. The function-oriented view of human resource management B. An empirical approach to human resource management C. The scientific management approach to human resource management D. A systems-oriented view of human resource management