Which of the following statements is true of convenience products?
A. Their distribution is highly selective.
B. Their promotion is done by their producers.
C. They include cars, computers, and cell phone service.
D. They are expensive goods that hold little interest for consumers.
Answer: B
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Robert was under contract to play football for the United Lions in May 2007. However, he died in an accident before he could perform his contract. His death will terminate his contract.
Answer the following statement true (T) or false (F)
Which of the following best describes kiting?
a. Theft of cash for personal use and cover-up using the bank statement. b. A fraudulent cash scheme to overstate cash assets at year end by manipulating year-end transfers between cash accounts. c. Manipulation of financial reporting by increasing both cash and debt by the same amount. d. Colluding to steal cash by wiring money to a fictional vendor and concealing it with customer payments.
Angelo is dealing with stress at work. He finds that he has to expend too much mental or physical energy over too long a period of time, which is known as
A. high demand. B. high effort. C. low control. D. low reward.
Jackson Company had a net increase in cash from operating activities of $10,000 and a net decrease in cash from financing activities of $2,000. If the beginning and ending cash balances for the company were $4,000 and $11,000, what was the net cash change from investing activities?
A. An inflow or increase of $1,000 B. An outflow or decrease of $1,000 C. An inflow or increase of $2,000 D. Zero