Which of the following items should be classified as an extraordinary item on a corporate income statement?
A) Gain on the retirement of a bond payable
B) Gain from land condemned for public use
C) Loss due to an discontinued operation
D) Selling treasury stock for more than the company paid for it
B
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Sue keeps a close eye on her company's internal and external environment to discover possible opportunities for new products and threats from competition, as soon as possible. This is an example of ________.
a. the observation approach b. management by observation c. environmental scanning d. corporate spying e. competitive intelligence
To _______ a lead or inquiry, the supplier (or contracted third parties) contacts the potential customer via direct mail, fax, e-mail, or telephone and asks a series of preliminary questions to confirm that the firm has significant sales and profit
opportunity a. qualify b. yield c. mine d. prospect