A business model that uses advertising revenue to provide some content for free, combined with an option to obtain additional content for a price is called a(n) ________ model.
A. sales
B. distribution
C. a la carte
D. freemium
Answer: D
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The weighted average method is taught by some accountants to be inferior to the FIFO method because it
a. Ignores work performed in subsequent periods. b. Commingles costs of two periods. c. Is more difficult to apply. d. Only considers the last units worked on.
What is an example of a possible outcome if corporations were to take appropriate initiative with respect to disadvantaged groups?
a. The workplace would be more inclusive with respect to social class. b. Communities would be able to collect more taxpayer revenues. c. The vicious poverty cycle could end. d. Communities could thrive.
Kim goes to a restaurant for supper. She gives her expensive jacket to the coat-check person and
receives a claim check. Later, when Kim is about to leave, she discovers that her jacket is missing. Which of the following best describes this situation? A) This is not a bailment because there is no personal property. B) This is not a bailment because there was no taking of possession by a bailee. C) This is not a bailment because there was no compensation paid. D) This is not a bailment because the bailee had no duty to return the goods. E) This is a bailment.
Assets that are expected to be converted to cash, sold, or used up during the next 12 months, or within the business's normal operating cycle if the cycle is longer than a year, are called ________ assets
A) intangible B) plant C) long-term D) current