The __________ paved the way for the formation of many major trade agreements and institutions.

A. General Agreement on Tariffs and Trade (GATT)
B. International Monetary Fund (IMF)
C. North American Free Trade Agreement (NAFTA)
D. European Union (EU)


Answer: A

Business

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John Crichton had applied for a trademark logo at the U.S. Patent and Trademark Office for his new startup company, stating that he would use the logo in commerce within the next six months. But even after six months, he had not yet used the logo

Which of the following recourses does trademark law allow John Crichton so that he can retain his logo until he uses it in commerce? A) Apply for a six-month extension for the logo. B) Change the logo slightly, and reapply for the newly altered logo. C) Pay a fine so that the trademark gets registered immediately. D) Cancel the current application and apply for the same logo again.

Business

Digby Company manufactured and sold 37,000 units of its product at a price of $93 per unit. Total variable cost per unit is $60, consisting of $58 in variable production cost and $2 in variable selling and administrative cost. Fixed costs of manufacturing are $350,000.a. Compute the manufacturing margin for the company under variable costing.b. Compute the contribution margin based on this data.c. Compute the gross margin under absorption costing.

What will be an ideal response?

Business

A college professor wants to know if the university students in the Unites States will find the new textbook that he has authored to be interesting and useful. He chooses all marketing majors at the school he teaches as his sample. He believes that this group of students will be representative of the university student population in the United States. In this scenario, the professor is most likely using:

A. cluster sampling. B. quota sampling. C. area sampling. D. census sampling. E. judgment sampling.

Business

Reliance on an "expert's" statement of opinion may be the basis for an action based on fraud.

Answer the following statement true (T) or false (F)

Business