The countervailing forces model is essentially the same as the market capitalism model.

a. true
b. false

Answer: b. false

Business

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________ occur(s) when a firm sells its products to a domestic customer, which in turn exports the product, in either its original form or a modified form

A) Indirect exporting B) Direct exporting C) Intercorporate transfers D) Intracorporate transfers

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Accompanying the bank statement was a debit memo for an NSF check received from a customer. What entry is required in the company's accounts?

A) debit Other Income; credit Cash B) debit Cash; credit Other Income C) debit Cash; credit Accounts Receivable D) debit Accounts Receivable; credit Cash

Business