An example of an indirect good in the fast-food industry is:
A) mustard.
B) paper napkins.
C) beef.
D) sugar.
B
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Ron, a minor, goes to the hospital for treatment of the flu. On the new-patient form Ron signs, he agrees to pay for any care or treatment he receives. When billed for the treatment:
a. Ron must pay for the value of the benefit he received, because medical care is a necessary. b. Ron must pay for the benefit he received because the contract is fully executory. c. Ron must pay for the benefit he received because he ratified the contract. d. Ron does not have to pay for the benefit he received.
Bright Eyes Paints Company uses the direct method for preparing its statement of cash flow
Bright Eyes reports the following information regarding 2017: From the income statement: Sales Revenues, $266,000 Cost of Goods Sold, $212,000 Operating Expenses, $37,000 Net Income $17,000 From the balance sheet: Beginning Balance Ending Balance Accounts Receivable $14,900 $18,400 Merchandise Inventory 23,900 17,800 Accounts Payable 6,100 13,800 Accrued Liabilities 4,500 1,500 Assume that there were no sales of long-term assets, no interest revenue, and no expenses other than the expenses shown above. Also, assume that Accounts Payable are for purchases of merchandise inventory only. What amount will be shown for the net cash flow from operating activities? A) $64,300 B) $24,300 C) $17,000 D) $9,300
Ford Motor Co. asks members of its target market to rate its cars and those of General Motors and Chrysler on a 7-point scale in terms of two dimensions (comfortable seats and engine power) so that it can establish a quadrant-grid map of these ratings. What type of analysis is Ford conducting?
A. positioning B. qualifying C. combining D. dimensional E. insight management
Jane Eyring works for PharmaMeds, Inc Jane is a physician-scientist who is responsible for running the pilot tests on PharmaMed's new oral spray medication for individuals with adult onset diabetes. Jane has discovered that if those in the test group do not spray the medicine correctly or if they spray for too short of a time, the medicine is not effective, or as effective, and insulin shock has
resulted in a few of the patients. Jane talks with one of her colleagues who responds, "Look, there's no need to stop the testing or the drug's release. Just tell them in the test and in the brochures that will be with the spray, ‘Spray correctly! If you do not, you may not receive your necessary dose.'" Jane is not sure anyone can be 100% accurate in spraying all the time. What risks does the company run if the spray doesn't work for the patients? A) Fines and penalties B) Litigation by patients who become ill C) Damage to its reputation D) All of the above