In 1970, the typical U.S. household earned about $8,700. In 2012, the typical U.S. household earned about $51,017. If adjusted for inflation, the gross income of the typical U.S. household in 2011 relative to 1970 has ________.
A. decreased dramatically
B. increased dramatically
C. remained relatively stable
D. increased somewhat
E. decreased somewhat
Answer: C
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What will be an ideal response?
When should Fassino's recognize revenue from selling the tires plus mounting, alignment, and rotation services?
a. At the time of initial installation, Fassino's performs its obligation to provide both tires and initial mounting and alignment services. Pete's should recognize revenue for the portion of the $480 selling price applicable to the sale of tires and installation services at the time of installation. b. Fassino's should delay recognition of revenue for the portion of the $480 selling price applicable to the subsequent alignment and rotation services until it performs the required services. c. Fassino's should delay recognition of revenue from selling the tires plus mounting, alignment, and rotation services until it performs all of the required services at the end of the three year period. d. At the time of initial installation, Fassino's should recognize revenue for all of the $480 selling price applicable to the tires plus mounting, alignment, and rotation services. e. Both choices a and b are correct.
In the context of new product adoption, the process of a new product spreading throughout a market after it is introduced is called _____.
A. diffusion B. advection C. promulgation D. integration
About 200 to 300 of the thousands of pieces of legislature proposed in each session of Congress:
a. are valid pieces of legislation b. pass both the House and Senate c. are voted on by the general public d. pass the House, but not the Senate e. are voted on by both Democrats and Republicans