A closely guarded formula for a recipe protected by a soft drink manufacturer is a ________.
A. trade secret
B. copyright
C. patent
D. trademark
Answer: A
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Prices that end in 9 are most appropriate when ________
A) customers have substantial knowledge about quality B) customers process prices right to left C) there is a mental price break at the lower, rounded price D) the marketer wants to suggest a discount or bargain E) the marketer wants to convey a high-price image
Briton Inc. has two processes—Coloring Department and Mixing Department. Briton sold 350 gallons on account at $110 per gallon. The total cost of processing was $385,000 for 5,500 gallons of paint. Throughout the year, the company used a predetermined overhead allocation rate to allocate $75,000 and $65,000 of indirect costs to the Coloring Department and Mixing Department, respectively. The actual overhead cost incurred amounted to $150,000 at the end of the year
Record the necessary journal entries for the sale of goods and for adjustment of over- or underallocated manufacturing overhead at the end of the year. Briton uses the perpetual inventory system and process costing.
The Coca-Cola Company uses the same formula and basic bottle shape for Coke worldwide, but the labels on the bottles and their sizes vary depending upon the market. This illustrates ______.
A. thinking globally but acting locally B. manufacturing locally but designing globally C. thinking locally but acting globally D. manufacturing globally but designing locally
What type of proposal is most likely to be more than three to four pages long?
A) A grant proposal B) An unsolicited proposal C) A response to an RFP D) A sales proposal E) A proposal for funding