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Indicate whether the statement is true or false


True

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________ refers to the manner in which consumers code, categorize, and evaluate financial outcomes of choices

A) Cost accounting B) Financial accounting C) Behavioral accounting D) Mental accounting E) Factual accounting

Business

A company can protect its competitive position under ________, which gives inventors of new and novel products the right to exclude others from making, using, or selling products that infringe on the invention.

A. copyright law B. trademark law C. patent law D. commercial law E. antitrust law

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Ordinarily, members of manager-managed LLCs have duties to the LLC and its members by reason of being members

a. True b. False Indicate whether the statement is true or false

Business

In considering whether a company should invest in debt or equity securities of another company, which of the following statements is incorrect?

A) The company wants to make the best use of its excess cash to generate investment income. B) Investment income consists of interest earned from equity securities and dividends earned from debt investments. C) Investment income includes increases in the market value of debit or equity securities. D) The excess cash that can be invested could be the result of temporary or seasonal business fluctuations.

Business