Which of the following is not a part of the basic concept of marketing? a. discover needs and wants of consumers b. satisfaction of consumers needs and wants c. make a profit (for a profit oriented firm) d. ensure an integrated effort of the firm e. provide an outlet for engineering's new ideas

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Mbo works by objectives moving through the organization; that is, top managers set general organizational objectives, which are translated into divisional objectives, which are translated into departmental objectives. the hierarchy ends in individual objectives set by each employee. this is an example of mbo working as objectives through the organization.