The text discusses the evolution of business through five "eras." Which of the following is not one of these eras?
A) Diversification era
B) Sales era
C) Production era
D) Marketing company era
E) Simple trade era
Ans: A) Diversification era
Business
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Lerner, Inc had the following transactions in 2017, its first year of operations
• Issued 22,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $16.00 per share. • Issued 1,800 shares of $160 par value preferred stock at par. • Earned net income of $37,000. • Paid no dividends. At the end of 2017, what is total stockholders' equity? A) $677,000 B) $354,000 C) $286,000 D) $640,000
Business
Which of the following best describes the group consisting of practical people who have constructive skills and value self-sufficiency?
A) believers B) strivers C) makers D) achievers
Business