The marketing manager for Aerial Photography, Inc. says his sales reps have gotten in the habit of setting prices that do not produce a profit. Aerial Photography is apparently using
A. flexible pricing.
B. administered pricing.
C. penetration pricing.
D. profit minimization pricing.
E. introductory price dealing.
Answer: A
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Indicate whether the statement is true or false
Which of the following best describes a balanced scorecard?
A. an arrangement in which the organization distributes shares of stock to all its employees by placing the stock into a trust B. a combination of performance measures directed toward the company's long- and short-term goals and used as the basis for awarding incentive pay C. a performance review process where the organization collects feedback from customers, managers, and subordinates; assigns ratings; and lists them on the company's performance card D. a system designed to measure the performance of HR personnel based on the quality of recruitment E. a type of incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary
Which of the following is an asset that represents distinctive identifications of a product or service?
A) license B) copyright C) franchise D) trademark
John's brother, Phil, loaned him $10,000 to start his business. John didn't do too well and planned to file for bankruptcy. In May, he gave Phil his car worth $8,000 to satisfy the debt. John filed his petition in November. After liquidation, if the car were included in his assets, every unsecured debtor would have received 85% of the debt owing to him. Will this be a voidable preference?
a. Yes, since Phil is an insider. b. No, because the transfer was made more than 90 days prior to filing. c. Yes, because the transfer was made within the prior year. d. No, because Phil did not receive preferential treatment over other creditors.