MillerCoors allows a Canadian firm to use its name, formula, and brands in return for a royalty. This is known as

A. exporting.
B. licensing.
C. direct investment.
D. manufacturing in foreign countries.
E. none of these answer choices.


Answer: B

Business

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In a symmetric distribution, the values on either side of the center of the distribution are the same, and the mean mode, and median are equal

Indicate whether the statement is true or false

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Which of the following assets must be reported at the lower-of-cost-or-market value?

A) Accounts Receivable B) Merchandise Inventory C) Prepaid Insurance D) Notes Receivable

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Solly Corporation produces a product for national distribution. Standards for the product are:•Materials: 12 ounces per unit at 60¢ per ounce. •Labor: 2 hours per unit at $8 per hour. During the month of December, the company produced 1,000 units. Information for the month follows:•Materials: 14,000 ounces purchased and used at a total cost of $7,700. •Labor: 2,500 hours worked at a total cost of $20,625. The materials price variance is:

A. $700 U B. $700 F C. $600 U D. $600 F

Business

Group insurance policies are very popular for employers and employees

a. True b. False Indicate whether the statement is true or false

Business