Whirlpool took a 53 percent stake in the Dutch electronics group Phillips' home appliances business. Sharing ownership and control of this business enabled Whirlpool to leapfrog into the European market. This is an example of ________

A) a straight extension
B) a joint venture
C) an exporting agreement
D) a licensing agreement
E) a sprinkler approach

B

Business

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On January 1, 2011, Albatross Shipping Company bought equipment that cost $55,000, with an estimated useful life of 10 years and an estimated salvage value of $5,000. The company uses the straight-line method of depreciation

What is the BOOK VALUE of the equipment on December 31, 2014? A) $55,000 B) $50,000 C) $35,000 D) $30,000

Business

Leslie looked at the caller ID on her phone and quickly realized that it was Bob from the Slicko Sales Company calling. She was trying to stay calm, but her excitement was building with each ring of the phone. After two interviews with Bob, she was hoping and assuming that he was now calling to offer her the sales job

"Hello," Leslie said as she answered the phone. She tried to sound calm and confident. "Hey, Leslie, how are you doing?" Bob began the conversation. "Great," Leslie replied while thinking how exciting it would be to finally be able to tell all her friends and family that she landed a job. "Good to hear it," Bob responded. "I really enjoyed interviewing you for the Slicko Sales Company. Unfortunately, we just don't have any positions right now, so we're not hiring. But I was wondering, since we seemed to hit it off so well in the interview, if you'd like to go out with me sometime?" Leslie replied . . . Should Leslie report Bob's behavior to someone else in the Slicko Sales Company?

Business