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- To increase sales, Pharoah Inc., a public company following IFRS, implemented a customer loyalty program that rewards a customer with one loyalty point for every $30 of merchandise purchased. Each point is redeemable for a $2.50 discount on any purchases of Pharoah merchandise in the next three years. After the program launched, during 2023, customers bought merchandise for $300,000 (all products are sold to provide a 30% gross profit) and earned 10,000 points redeemable for future purchases. The stand-alone selling price of the merchandise sold is $300,000. Based on prior experience with incentive programs like this, Pharoah expects 8,000 points to be redeemed related to these sales. (b) Prepare the journal entries for cash sales including the issuance of loyalty points for Pharoah in 2023. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.…Which of the following is NOT a factor that managers should consider in deciding how to allocate resources across customers? Select one: a. customer growth potential b. customer retention likelihood c. economic forecasts d. short-run and long-run customer profitabilityThe research on LMX shows that effective leaders: Select one: O a. avoid exchange relationships with their subordinates O b. have high quality exchange relationships with a few subordinates O c. have high quality exchange relationships with most subordinates O d. have an equal number of high and low exchange relationships
- Critically explain each one of the following financial terms:i. Asymmetric informationii. Moral hazardiii. Adverse selectionGive examples in each case to illustrate your answer.The revenue risk can be significantly reduced if these revenue sources move in _____ Group of answer choices the same direction in opposite direction a random direction a controllable wayPLEASE IDENTIFY AN ORGANIZATION If a firm is performing poorly financially, what might this say about the differentiators, arenas, or both? Use a specific organization as an example and apply Hambrick and Frederickson's Strategy Diamond in your response.
- 4 Deirdre, the production manager at Pheonix Manufacturing Company decided to choose a supplier with a proven track record instead of a new supplier that offers significant price incentives. This is an example of: Select one: a. Risk avoiding b. Risk sharing c. Risk taking d. Risk acceptingWhich of the following statements is most often the case? A. Socially responsible businesses tend to post higher profits than those not focused on social responsibility. B. Companies that are not socially responsible will have better profits, but have a moral obligation to society. C. Socially responsible investing gives poorer returns than non-socially responsible Investing. D. Investors are more short termed focus and so socially responsible investing should not be a factor in their investment portfolio.What strategy has the greatest chance of creating large losses? A. Writing a covered call B. Writing a covered put C. Writing a naked call D. Writing a naked put
- Select all that are true with respect to the theory of market efficiency. Group of answer choices If markets are efficient, investors cannot earn positive returns If markets are efficient, it means prices are always "right" in that the reflect perfect foresight into what will happen in the future Strong form market efficiency suggests that all information, public or private, is reflected in current prices in an unbiased way Market efficiency suggests that relevant information is quickly impounded into prices If transaction costs are high, then prices are less likely to reflect all available informationA typical control decision would be best characterised as: Select one: O A. Predicting the cost of offering a new course at a university O B. Identifying how many students should be registered to break even C. Determining why the number of students registered was less than anticipated O D. All of the above.Which statement is FALSE about product-market fit? a. Even if you have product-market fit, you can lose it b. Product-market fit is not a discrete event c. Once you have product-market fit, you can ignore the competition
