Answer the following statement(s) true (T) or false (F)
Trademark registration and search is not costly.
ANSWER: False
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On July 7, A-1 Credit Union loaned $500,000 to Bridal Retail Shop on a 90 day, 4% note. What is the maturity date of the note?
A) October 7 B) October 5 C) October 6 D) October 8
The U.N. Commission on International Trade Law develops model laws, such as the CISG and the UNCITRAL Model Law on Electronic Signatures
a. True b. False Indicate whether the statement is true or false
Why would an entrepreneur be constantly tweaking the marketing mix?
a. to adjust to a competitive and ever-changing market b. to adjust for improvements in the product or service c. to take advantage of new ways of marketing, especially the Internet d. to make sure that you are still on track with your original plan
Inventory may be valued on the tax return at the lower of cost or market unless
A) replacement cost is higher than historical cost. B) the taxpayer determines inventory cost using the LIFO method. C) the taxpayer determines inventory cost using the FIFO method. D) the cash method of accounting is used by the taxpayer.