Chien corporation is a recently formed business selling the "world’s best doormat." the corporation is selling doormats faster than chien can make them. it has been selling the product on a credit basis, telling customers to "pay when they can." oddly, even though sales are tremendous, the company is having trouble paying its bills. write a memo to the president of chien corporation discussing these questions: (a) what steps should be taken to improve the company’s ability to pay its bills? (b) what accounting steps should be taken to measure its success in improving collections and in recording its collection success? (c) if the corporation is still unable to pay its bills, what additional steps can be taken with its receivables to ease its liquidity problems?

What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.