A Firm Becomes a Channel Captain Because It Is the Channel

question 149

Multiple Choice

A firm becomes a channel captain because it is the channel member with the ability to influence the behavior of other members.Influence can take four forms,one of which is

• A)stakeholder position.
• B)familial ties to other channel members.
• C)expertise.
• D)longevity in the industry.
• E)geographic proximity to the manufacturing plant.

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Definitions:

Relevance

The importance of information in decision-making; it must be timely and have predictive and confirmatory value.

Going Concern Assumption

The accounting principle that a company will continue to operate indefinitely, without the intention or necessity of liquidation.

Foreseeable Future

A concept in accounting referring to the period during which a business is expected to continue its operations without significant change.

Financial Statement Element

Components of financial statements, like assets, liabilities, equity, revenues, and expenses that provide structure to financial reporting.