Describe at least five characteristics of Net marketplaces
What will be an ideal response?
Characteristics of Net marketplaces include 1. bias–whether the marketplace advantages sellers, buyers, or each group equally (neutral); 2. ownership–who owns the marketplace, a specific firm, group of firms, or an industry group; 3 . pricing mechanism–how are prices determined for products sold: fixed prices, bidding, RFPs; 4. Scope/focus–does the marketplace serve horizontal or vertical markets; 5. value creation–what benefits are offered to customers or suppliers; and 6. access to market–is the marketplace open to everyone or limited to invitees only.
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Historically, approximately two-thirds of the value of corporate investments made in the United States from abroad has been spent to acquire going companies rather than to establish new ones
a. true b. false
Kotan Company signed a three-month, 8% note on November 1, 2013 for the purchase of $60,000 of inventory. Assuming the company's accounting period ends on December 31, which one of the following statements is not correct?
A. On February 1, 2014, the company will debit Interest Expense for $800 B. On December 31, 2013, the company will credit Interest Payable for $800 C. On December 31, 2013, the company will debit Interest Expense for $800 D. On February 1, 2014, the company will debit Interest Payable for $800