McDonald’s recognizes that, compared to other societies, Europeans have a more liberal attitude towards alcohol consumption. In Germany this family oriented restaurant chain has included beer on its menu. This approach to marketing is referred to as:
(a) ‘Glocalization’
(b) Strategic differentiation
(c) Psychographic differentiation
(d) Strategic patterning
(a) ‘Glocalization’
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Longitude Company borrowed on a two-year, 10%, $150,000 note on May 1, with interest and principal to be paid at maturity. How much interest will Longitude report on its income statement for the year ending December 31?
a. $ 10,000 b. $ 15,000 c. $ 30,000 d. $ 5,000
All ethical standards have been enacted as law
Indicate whether the statement is true or false
Although preferred stock provides added financial leverage in much the same way as bonds, it differs from bonds in that the issuer can pass a dividend payment without suffering the consequences that result when an interest payment is missed on a bond
Indicate whether the statement is true or false
John graduates from college at the age of 25. He places $5,000 in a 401k at the beginning of year one, $8,000 at
the beginning of year two, $11,000 at the beginning of year three, $14,000 at the beginning of year four, and then $15,000 per year until he retires at the age of 60. If money earns 8 percent per year, how much will John have in his retirement account at age 60?