'Services cannot be saved or stored for later use' describes the _______ characteristic of services
a. intangibility
b. inseparability of production and consumption
c. perishability
d. heterogeneity
c
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The FASB standards do not have a specific rule that requires residual value and asset life to be reviewed annually for property, plant, and equipment
a. True b. False Indicate whether the statement is true or false
Use the following information to answer the question below. When Langston Corporation was formed on January 1, 20x5, the corporate charter provided for 100,000 shares of $10 par value common stock. The following transactions were among those engaged in by the corporation during its first month of operation: 1. The corporation issued 400 shares of stock to its lawyer in full payment of the $10,000
bill for assisting the company in drawing up its articles of incorporation and filing the proper papers with the state agency. 2. The company issued 16,000 shares of stock at a price of $50 per share. 3. The company issued 14,000 shares of stock in exchange for equipment that had a fair market value of $320,000. The entry to record transaction 2 is A) Cash 800,000 Common Stock 800,000 B) Cash 800,000 Common Stock 160,000Additional Paid-in Capital 640,000 C) Cash 160,000 Additional Paid-in Capital 640,000Common Stock 800,000 D) Cash 160,000 Common Stock 160,000
Which of the following is a disadvantage of the sole proprietorship form of business organization?
A) The proprietor is personally liable for all losses incurred by the proprietorship. B) The proprietor does not get to retain all profits of the business. C) The proprietorship suffers double taxation. D) Establishing the proprietorship requires more forms and other legal formalities than any other form of organization.
Which of the following is true about persuasion in the digital age?
A) The volume and reach of persuasive messages have become limited. B) Persuasion is less complex and personal. C) Persuaders play on emotions by using flattery, empathy, nonverbal cues, and likability appeals. D) Only organizations with dedicated sales teams are in the persuasion business.