Many Canadian workers are represented by U.S. unions in their dealings with their employer.
Answer the following statement true (T) or false (F)
True
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A firm cannot devote its total promotional efforts to publicity since _____
a. the sponsor is not identified b. it has less credibility than advertising c. public relations staff costs are high d. there is no control over message, timing, placement, and degree of coverage
The universal functions of marketing
A. are performed by the same parties in all economies. B. must be performed in all macro-marketing systems. C. are needed to help foster various separations and discrepancies. D. are performed the same way in all economies.
Bill Jones has just won the state lottery and has the following three payout options for after-tax prize money
1. $170,000 per year at the end of each of the next six years 2. $312,000 (lump sum) now 3. $508,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the first option. (Round your answer to the nearest whole dollar.) Present value of an ordinary annuity of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.240 3.170 5 3.993 3.890 3.791 6 4.623 4.486 4.355 7 5.206 5.033 4.868 Present value of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 0.857 0.842 0.826 3 0.794 0.772 0.751 4 0.735 0.708 0.683 5 0.681 0.650 0.621 6 0.630 0.596 0.564 7 0.583 0.547 0.513 A) $850,000 B) $762,620 C) $482,000 D) $457,251
When fixed costs are part of a firm's cost structure, the percent of sales method will understate net
income and overstate discretionary financing needed, if sales are increasing. Indicate whether the statement is true or false