Which of the following products would most consumers classify as a shopping product?
A) a subscription to a the Wall Street Journal
B) a winter coat
C) a box of adhesive bandages
D) a can of soup
E) a pack of gum
B
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Mohr Company purchases a machine at the beginning of the year at a cost of $30,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 8 years with a $5000 salvage value. Depreciation expense in year 2 is:
A. $7500. B. $6250. C. $22,500. D. $3750. E. $5625.
You own a neighborhood grocery store and would like to have non-food items delivered, priced, displayed and inventoried by a wholesaler. You do not want to purchase title to the goods. Which type of wholesaler best fits your needs?
A) cash-and-carry wholesaler B) rack jobber C) drop shipper D) mail-order wholesaler E) agents and brokers
Cash value insurance provides a death protection component and a savings component
Indicate whether the statement is true or false
Software algorithms are a form of ________ that, once developed and paid for, can be reused many times at a very low cost.
A. social asset B. intangible asset C. knowledge asset D. tacit asset