A tax preparation business is primarily a:
A) merchandising operation.
B) service operation.
C) not-for-profit operation.
D) manufacturing operation.
B) service operation.
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On January 1, 2016, Renee Corp, a lessee, signed a five-year capital lease for new equipment. The lease requires annual payments of $8,000. The first payment is due on December 31, 2016. Renee guaranteed a residual value of $2,000. On December 31, 2020, Renee returned the asset to the lessor, and the asset was appraised at a value of $1,500. Renee should record which of the following on December
31, 2020? A) a $1,500 credit to leased equipment B) a $500 debit to loss on disposal of leased equipment C) a $500 debit to cash D) a $1,500 credit to cash
Which of the following is an example of an organization's financial objective?
A) increasing organization-wide sales by 15% by end of calendar year B) improving recommendations rate from 30% to 70% of customers surveyed, by end of year C) developing market share in new market Y from 0% to 10% within one year D) adding a new luxury brand to target high-end customer
Which of the following best describes the tort of battery?
A) unauthorized and harmful or offensive physical contact with another person that causes injury B) an action that arouses reasonable apprehension of imminent harm C) oral or written defamation of another person's character D) intentional confinement or restraint of another person without that person's consent
Broad differentiation strategies generally work best in market situations where
A. the products of rivals are weakly differentiated and most competitors are resorting to clever advertising to try to set their product offerings apart. B. low-cost value drivers are easily obtained. C. socially complex intangible attributes such as company reputation, long-standing relationships with buyers, and image are relatively easier to imitate. D. technological change is fast-paced and competition revolves around rapidly evolving product features. E. market competition revolves around slowly evolving product features.