_____ occurs when a lawmaker or official asks for, is offered, or receives something valuable in return for being influenced to perform an official act

Which of the following is a difference between vertical conflict and horizontal conflict?

a. Vertical conflict occurs between different levels in a marketing channel, while horizontal conflict occurs among channel members on the same level. b. Vertical conflict is found when manufacturers practice multiple distribution strategies, while horizontal conflict is found when manufacturers practice a single distribution strategy. c. Vertical conflict occurs when a wholesaler chooses to bypass a producer, while horizontal conflict occurs when a producer chooses to bypass a wholesaler. d. Vertical conflict is primarily characterized by lying and breaking contractual agreements, while horizontal conflict is primarily characterized by hiding and withholding information.

Reliable Waterworks Corporation provides plumbing services. Transactions of Reliable Waterworks during the first year of operations are given below

a) Received $11,000 cash and issued common stock to Sharon b) Paid $2,000 for equipment to be used for plumbing repairs. c) Borrowed $10,000 from a local bank and deposited the money in the checking account. d) Paid $300 in rent for the year. e) Paid $200 for plumbing supplies to be used on various jobs next year. f) Completed a plumbing repair for a law firm and received $3,000. Calculate the amount of total assets at the end of the first year. Assume the plumbing supplies of $3,000 are left at the end of the year. A) $2,200 B) $2,000 C) $21,000 D) $23,700