Fletcher signs a contract to buy a new electric guitar and amplifier just before reaching the age of majority. After reaching the age of majority, Fletcher does not take possession or make payments. With respect to the contract, most courts would hold that this is?
A)?disaffirmance
B)?emancipation.
C)?ratification.
D)?rescission.
A
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A market-penetration pricing strategy is most suitable when _______
A) a low price slows down market growth B) production and distribution costs fall with accumulated production experience C) a high price dissuades potential competitors from entering the market D) the market is characterized by inelastic demand E) a low price encourages actual competition
Jake is watching a YouTube video a friend posted on his Facebook page while chatting on Facebook with his friend about the video. Jake’s actions demonstrate which aspect of new media?
a. interactivity b. personalization c. creativity d. flexibility
When copyrighted material is used for purposes of criticism, news reporting, teaching, scholarship, and research, what does it constitute?
A) fair use B) infringement C) commissioned work D) publicity
Which budgeting method takes a bottom-up approach by defining specific objectives, determining the tasks needed to achieve these objectives and then estimating how much each task will cost?
A. principal accounting method B. affordable method C. percentage-of-sales method D. cost-per-media method E. objective-and-task method