Pizza Hearth is in the process of deciding on the mode of entry into the Eastern European countries. Which phase of the international planning process is Pizza Hearth currently in?

A. Preliminary analysis.
B. Defining market segment.
C. Developing the marketing plan.
D. Implementation and control.
E. Standardization of the marketing mix.

Ans: C. Developing the marketing plan.

Business

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Which of the following procedures would an auditor most likely perform in the planning stage of an audit?

a. Make a preliminary judgement about materiality b. Confirm a sample of the entity's accounts payable with known creditors c. Obtain written representations from management that there are no unrecorded transaction d. Communicate management's initial selection of accounting policies to the audit committee

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Sun Company is considering purchasing new equipment costing $350,000. Sun's management

has estimated that the equipment will generate cash flows as follows: Year 1 $100,000 Year 2 $100,000 Year 3 $120,000 Year 4 $125,000 Year 5 $75,000 What is the payback period? A) 3.2 years B) 3 years C) 4 years D) 3.5 years

Business