Suppose Bill promises to pay Mike, the school bully, $2 per week for "protection" in exchange for Mike's promise not to beat up Bill. Bill refuses to pay. Bill's promise is enforceable because it is supported by consideration.
Answer the following statement true (T) or false (F)
False
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Maria is flagged as a special customer at your firm because she is a satisfied customer, returns to your company to buy, puts her reputation on the line to tell others about you, and convinces others to purchase from you, which suggests she is on the ________ rung of the loyalty ladder.
A) word of mouth/buzz B) repeat purchase C) satisfaction D) evangelism E) ownership
In order to attract investors and borrow on favorable terms, a company would use ________ in times when inventory costs are rising.
A) LIFO B) FIFO C) average costing D) specific-identification costing
Which of the items is correct regarding a use tax?
A. Use taxes are imposed by every state. B. States choose to implement either a sales tax or a use tax but not both. C. Use taxes only apply when the seller is not required to collect the sales tax. D. Amazon collects use taxes on behalf of all its resellers.
The calculation of the Jarque-Bera test statistic involves ________.
A. the sample size, standard deviation, and average B. only the sample size C. the sample size, skewness coefficient, and kurtosis coefficient D. the sample average, skewness coefficient, and kurtosis coefficient