The Starbucks Reward program rewards frequent Starbucks customers with free refills on brewed coffee, free beverages with whole bean purchases, beverage customization, and free Wi-Fi computer access. The program is an example of a:
A. directed coupon mailing
B. sweepstakes
C. loyalty marketing program
D. trade sales promotion
E. sampling program
Answer: C
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Compensated absences include vacation, holiday, sick, or other activities for which the company pays its employees
Indicate whether the statement is true or false
According to the Financial Reporting Council (FRC), when is the culture of an audit firm likely to provide a positive contribution to audit quality?
a. When the leadership of the audit firm ensures partners and other staff have sufficient time and resources to deal with difficult issues as they arise. b. When the leadership of the audit firm ensures robust systems for client acceptance and continuation based on the likelihood of increased audit fees. c. When the leadership of the audit firm creates an environment where achieving efficiency is valued, invested in and rewarded. d. When the leadership of the audit firm ensures financial considerations drive actions.
A company borrowed cash from the bank by signing a 4-year, 9% installment note. The present value for an annuity (series of payments) at 9% for 4 years is 3.2397. The present value of 1 (single sum) at 9% for 4 years is 0.7084. Each annual payment equals $76,300. The present value of the note is:
A. $107,707.51. B. $23,551.56. C. $70,654.69. D. $247,189.11. E. $305,200.00
Bonds issued by a company to raise money:
a. mean that the company has incurred debt that is to be repaid to the holders of the bonds b. can be traded on the securities market c. are securities d. both a and b are correct e. a, b, and c are correct