Marketing Is the Activity,set of ________ and Processes for Creating,________,delivering

question 123

Multiple Choice

Marketing is the activity,set of ________ and processes for creating,________,delivering and exchanging offerings that have ________ for customers,clients,partners and society at large.

• A)institutions; communicating; value
• B)procedures; serving; utility
• C)guidelines; advertising; utility
• D)procedures; communicating; costs
• E)institutions; advertising; value

Apply the concept of goodwill and the bonus method in partnership accounting.

Identify different legal forms of partnerships and their characteristics.

Understand the procedures and effects of partner withdrawals on partnership accounting and capital balances.

Comprehend the treatment of partner salaries, interest on capital, and other specific allocations within a partnership agreement.

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Definitions:

Corporation By Estoppel

Corporation by estoppel is a legal doctrine preventing someone from denying a business's corporate status when they have treated it as a corporation in previous transactions.

Novation

In a contract, the substitution of a third party for one of the original parties. The duties remain the same under the contract, but one original party is discharged and the third party takes that original party’s place.

Implied Corporate Powers

Powers not explicitly stated in a corporation's charter or bylaws but are necessary to conduct the day-to-day operations.

Role Clarity

The extent to which an employee understands their job responsibilities, duties, and expectations.