Genuine impasse occurs when parties deliberately refuse to proceed with negotiation as a way to gain leverage or put pressure on the other party to make concessions.

Dawn Company uses a perpetual inventory system made a purchase of merchandise on credit from Wagne Corporation on August 3 for $7000 terms 2/10 n/45. On August 10 Dawn makes the appropriate payment to Wagne. The entry on August 10 for Dawn Company is a.
$\begin{array}{lrr}\text{Accounts Payable }& 7,000& \\ \text{ Cash }& & 7,000\end{array}$

b.
$\begin{array}{lrr}\text{ Accounts Payable }& 6,860& \\ \text{ Cash }& & 6,860\end{array}$

c.
$\begin{array}{lrr}\text{Accounts Payable }& 7,000& \\ \text{ Purchase Returns and Allowances }& & 140\\ \text{Cash }& & 6,860\end{array}$

d.
$\begin{array}{lrr}\text{ Accounts Payable}& 7,000& \\ \text{ Inventory }& & 140\\ \text{ Cash}& & 6,860\end{array}$

A detailed listing of all the assets invested by a partner in a partnership appears on the Partners' Capital Statement.

If there are two goods with positive prices and the price of one good is reduced, while income and other prices remain constant, then the size of the budget set is reduced.

Which of the following best completes the statement,'A ______ is a written,formalized plan that details the product,pricing,distribution,and promotional strategies that will enable the brand in question to accomplish specific marketing objectives.'?

A) Marketing plan.
B) Marketing stategy.
C) Strategy brief.
D) Marketing calendar.
E) None of these.

Which of the following would most likely occur if a firm exceeded its optimal production volume?

A) Unit costs would decrease with each additional unit.
B) Development costs would decrease unit costs.
C) Fixed costs would increase unit costs.
D) Unit costs would equal fixed costs.