Relational assets are defined as which of the following?
A) long-term, advantageous business relationships with foreign facilitators
B) mutually beneficial relationships with members of an economic bloc
C) profitable business partnerships with foreign agents and franchisors
D) brief partnerships between licensors and exporters in a foreign market
A
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The distinguishing feature of a permanent account is that any balance in the account at the end of an accounting period is:
A) Transferred to the Cash account B) Carried forward to the next accounting period C) Transferred to a permanent stockholders' equity account D) Transferred to a temporary account E) None of the above
Mark is awaiting the results of his bar exam. He tells Paula that he will continue to employ her as his secretary if he passes the exam. If he fails the exam, the employment relationship has been terminated in what way?
a) fulfillment of purpose b) operation of law c) unfulfilled condition d) revocation of authority e) it did not terminate