The Bookstore Café is a small restaurant located in a downtown business district. It is opened for breakfast and lunch and serves simple yet nutritious meals and also sells books from the New York Times bestseller list. How would you categorize the book inventory, cooking equipment, tables, chairs, and the register?
A. As investor capital
B. As current liabilities
C. As assets
D. As retained earnings
E. As owners' equity
Answer: C
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Which of the following is true of a finance lease?
A) It involves leasing out money to a lessee. B) The lessor is the supplier of goods. C) It consists of a lessor, a lessee, and a supplier. D) The lessee acquires the title of the goods.
Morris Pickel is a geologist he has added a device to an existing thermal measuring instrument. Because of the sensitivity of the device, it picks up data not previously recorded
A computer program built into the device then analyzes the data, allowing scientists to predict the timing of volcanoes. Can Morris obtain a patent for this device? A) No. Computer programs cannot be patented in Canada. B) No. Morris's invention, while useful and ingenious, is not new. C) Yes. The device as a whole, including the computer program, can be patented. D) No. The computer program is not integral to the device. E) No, but he can register the computer chip under the Integrated Circuit Topography Act.
________ is a partnership between a for-profit company and a nonprofit organization, which increases the company's sales while raising money and visibility for the organization's mission.
A. Ambush marketing B. Venue marketing C. Social networking D. Sponsorship E. Cause marketing
In low context languages the actual words carry more meaning than in high context languages.
a. true b. false