Which of the following statements is false regarding Electronic Communications Networks (ECNs)?
A) Archipelago and Instinet are two examples of ECNs.
B) Competition from ECNs has forced NASDAQ to cut its fees.
C) Traders benefit from lower trading costs and faster service.
D) ECNs allow institutional investors, but not individuals, to trade after hours.
D
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Which of the following amounts would be reported as Merchandise Inventory on the balance sheet of a company if the cost of an item is $110 and the current replacement cost is $90?
A) $200 B) The average of $90 and $110 C) $110 D) $90
Beef Burgers, Inc contracts to buy five hundred steers from Fattening Feedlots. Before Fattening Feedlots can deliver the steers, there is an outbreak of disease in the feedlot, and all the cattle are quarantined. In this case the perfect tender rule
a. applies to both parties. b. does not apply. c. applies only to Beef Burgers. d. applies only to Fattening Feedlots.
Suppose State Farm Insurance stated, "We want our advertising to increase our customer base for home and automobile insurance 10 percent by the end of the fiscal year." This would be considered a(n)
A. target audience goal. B. advertising platform. C. percent-of-sales approach. D. advertising objective. E. media plan goal.
?Starbucks investigates coffee bean growing regions and before it contracts to buy the beans from local growers, sets up clinics to inoculate residents from diseases in the area, provides sources of clean water for the villages, and otherwise works to improve the standard of living for the residents. This is an example of the company acting on its perception of its
A. ?social responsibility. B. ?personal responsibility. C. ?way to improve profits. D. ?need for better public relations.