Due to limited resources, a consumer decided to serve Hawaiian Punch to a New Year's Eve party crowd instead of Korbel champagne. As a result of this action, Korbel and Hawaiian Punch can be viewed as ____ competitors.

a) Pure
b) Generic
c) Total budget
d) Product
e) Oligopolistic


Answer: b) Generic

Business

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What will be an ideal response?

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Which of the following is a true statement?

a. Under the articulated concept, accounting elements are defined using the revenue-expense approach rather than the asset-liability approach. b. The articulated approach severs the mathematical relationships between the balance sheet and income statement. c. Under the articulated approach, contributed capital, retained earnings, and unrealized capital adjustments are subclassifications of owners’ equity. d. Recent SFASs have advocated the non-articulated approach to financial statements.

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Which of the following is a perceived disadvantage of Rawls's social justice theory?

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Business

Released in 1990, FrontPage is easily the most well-established of the presentation software tools. _________________________

Answer the following statement true (T) or false (F)

Business