Which of the following is true about licensing?
A) It is a bad option for products that are difficult to produce.
B) It refers to the transfer of trademark rights held by one party to another party.
C) It allows owners of intellectual property to obtain payment for their creations in a lump sum.
D) It involves the legal assignment of the rights to a product from one party to another.
E) It is a method of protecting the brand name and logo of a company.
C
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Which of the following is an example of channel differentiation?
A) Berry's has an intensive training program for its customer-facing employees, to ensure a consistent service standard. B) The Swan Hotels use a distinctive signature fragrance in all outlets so that customers can associate the fragrance with the hotel. C) JEK's sophisticated customer database allows the company to handle queries and product returns much faster than competitors. D) RTZ shifted its products from supermarket aisles to exclusive stores as it realized that customers were willing to pay more in stores. E) Hayley's found success by allowing buyers to customize the color and some features of its appliances before buying them.
To prepare financial statements at the end of the accounting period, the actual overhead cost for the period and the estimated overhead that was applied during the period must be reconciled in a job order costing system
Indicate whether the statement is true or false
Portia's Salon is contemplating an increase in their rental space that will result in a before-tax rent increase of $14,500 per month. If their tax rate is 40%, what is the after-tax monthly increase in rent cost?
A) $ 5,800 B) $ 8,700 C) $20,300 D) $14,500
On November 1, 2015, Sam made an offer to Bobby by mail for the sale of his mobile home lot at $14,000. Sam's offer included the following: "Acceptance must be by Federal Express no later than 10:30 a.m. on November 5, 2015." Bobby accepted the offer by mail on November 4. The acceptance arrived at 8 a.m. on November 5
A)?Sam and Bobby do not have a contract B)?Sam and Bobby had a contract as of November 4 C)?Sam and Bobby had a contract as of November 5 D)?Bobby's acceptance is effective as of 10:30 a.m. on November 5 as long as Sam hasn't revoked the offer