Compare the four types of products in the societal classification of products. Provide examples of each type to illustrate your answer
What will be an ideal response?
Products can be classified according to their degree of immediate consumer satisfaction and long-run consumer benefit. Pleasing products give high immediate satisfaction but may hurt consumers in the long run. Examples include cigarettes and junk food. Salutary products have low immediate appeal but may benefit consumers in the long run; for instance, bicycle helmets or some insurance products. Desirable products give both high immediate satisfaction and high long-run benefits, such as a tasty and nutritious breakfast food.
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What budget is generally not included in a master budget?
A. Capital budget B. Operating budget C. Strategic budget D. All of the answers are correct.
If a preliminary report concludes that the business situation warrants investment in a new IS, a more comprehensive _____ might be authorized.
Fill in the blank(s) with the appropriate word(s).
Which of the following correctly states a lessee criterion for classifying a lease as a capital lease?
A) The lessee guarantees the residual value. B) The sum of the lease payments exceeds 90% of the fair value of the asset. C) The asset is the property of the lessor at the end of the lease term. D) The lease term is equal to 75% or more of the estimated economic life of the leased asset.
The minimum rates of return or a minimum cash flow payback period are two standards established in capital investment analysis
Indicate whether the statement is true or false