In the context of the technological environment of business, which of the following statements is true of online technology?
A. It restricts leading-edge firms by allowing them to offer generalized products rather than customized ones.
B. Alternative selling strategies give rise to a more individualized buying experience.
C. Business-to-consumer selling comprises the vast majority of total e-commerce sales.
D. It prohibits the provision of consultation services through websites or online portals.
Answer: B
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When the seller has received cash, but has not earned all of the revenues represented by the cash by providing goods and services, the seller has incurred an obligation to provide goods or services. These liabilities
a. are referred to as deferred performance obligations. b. may use an account title of Advances from Customers. c. may use an account title of Deferred Revenues. d. may use an account title of Unearned Revenues. e. can be all of the above.
A ________ is an instrument that gives a creditor a security interest in the debtor's real property that is pledged as collateral for a loan
A) credit report B) letter of credit C) remittance advice D) deed of trust
A college professor copies seven chapters from a book called "How to Get Better Grades—A Creative Approach to College Success!" There are ten chapters in the book. She incorporates this material into a packet of material that is printed in her college's copy center. The packet is then placed in the local book store and is placed on the required materials list for students to purchase. The
author of the book on getting better grades believes the professor has violated his copyright. a. The author is right. The professor should not have copied the chapters and placed them for sale in the bookstore. b. The author is technically correct. However, even though an infringement occurred, he cannot sue the professor since educational personnel are exempt from liability under copyright law. c. The author is not correct. Under the "fair use doctrine" a college professor can copy material and distribute it to students for educational purposes. d. The author is not correct. It does not appear that the professor actually made any money from the alleged copyright infringement.
Hierarchal pluralism creates in-groups and out-groups, frequently made up of employees who have become isolated and estranged in the workplace.
a. True b. False