A franchise is any arrangement where the owner has licensed others to sell goods or services by which of the following?

a. trademark
b. contact
c. license
d. patent


ANSWER: a

Business

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Bose promises "better sound through research." This is an example of ________

A) people differentiation B) channel differentiation C) price differentiation D) services differentiation E) product differentiation

Business

Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:   Raw materials purchased on account$475,000Raw materials (all direct) requisitioned for use in production$476,000Direct labor cost$640,000Manufacturing overhead:  Indirect labor cost$174,000Other manufacturing overhead costs incurred$498,000Cost of goods manufactured$1,469,000Cost of goods sold (unadjusted)$1,430,000 What is the journal entry to record raw materials used in production?

A.

 
Raw Materials476,000 
Work in Process 476,000

B.
 
Work in Process475,000 
Raw Materials 475,000

C.
 
Raw Materials475,000 
Work in Process 475,000

D.
 
Work in Process476,000 
Raw Materials 476,000

Business

Select the least rich communication medium.

A. videoconference B. face-to-face communication C. memo D. e-mail E. telephone

Business

What are the differences among a Treasury bill, Treasury note, and Treasury bond?

What will be an ideal response?

Business