Answer: Amortization Expense; Patents
Explanation:
The entry to record the amortization of a patent would include a debit to the amortization expense and a credit to the patents.
The journal entry will be:
Debit Amortization expenses XX
Credit Patents XX
Therefore, the correct option is A.
Answer:
Selective retention.
Explanation:
Selective retention occurs when a person more easily remembers things that are closer to their beliefs, values, and Interests than things that are not.
Luis does not want to do his shopping at big box stores but prefers to shop locally. So when he reads about one of the big box stores (which is not his preference) is doing a big sale next week, he does not remember it because it is not consistent with what he wants. This is an example of selective retention.
Answer:
"An entrepreneurial team is a group composed of the entrepreneur plus the firm's banker, CPA, and attorney."
Explanation:
An entrepreneurial team usually consists of 2 or more people with a great interest in the success and future of a company. The work of this team is interdependent as they pursue common goals for success for the venture. They are usually interested in the financial and other areas of a company and include the entrepreneur, the CPA, attorney, and the organization's banker.
Answer:
OLIGOPOLY
Explanation:
If Reality, Inc. is a major producer of reality television shows and the company faces fierce competition from three other major producers of similar shows. If together, Reality, Inc. and its three rivals control almost all of reality television. Their market environment is called Oligopoly
Oligopoly can be defined as a market environment or structure where a small number of firms control the market; none of which can keep the others from having significant market share or influence.
It can also be said that Oligopoly is a collusion of a small number of firms, either explicitly or tacitly, to fix prices or control quantity supplied, in order to achieve above normal market returns.