Sanctions usually are imposed to
A. exact retribution for past conflicts.
B. protect an infant industry.
C. increase the cost of doing business in the sanctioned nation for foreign competitors.
D. inflict economic harm on a nation to punish or force change.
Answer: D
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The Fifth Amendment contains the due process clause
a. True b. False
The key to a successful emotional advertising appeal is to use the emotion to
A. make consumers cry. B. deliver a logical message. C. create a bond between the consumer and the brand. D. get consumers to think about the benefits of the product. E. balance social marketing with product-focused advertising.
The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available: MonthlyFixed CostVariable CostPer Deb SoldSales commissions $0.90 Shipping $1.40 Advertising$50,000$0.20 Executive salaries$60,000 Depreciation on office equipment$20,000 Other$40,000 ?All of these expenses (except depreciation) are paid in cash in the month they are incurred.?If the company has budgeted to sell 16,000 Debs in January, then the total budgeted variable selling and administrative expenses for January will be:
A. $36,800 B. $40,000 C. $25,600 D. $17,600
When purchasing inventory on account in a perpetual inventory system, which of the following is TRUE?
A) The journal entry would be exactly the same for all inventory costing methods. B) LIFO and FIFO inventory valuation methods require a debit to inventory while all others require a debit to purchases. C) GAAP does not allow inventory to be purchased on account. D) The average costing method requires a credit to inventory.