Merchandise is left in its original packing cartons in a(n) _____ display
a. assortment
b. rack
c. cut case
d. dump bin
c
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Which of the following is an example of a deferral?
a. Income taxes recorded but not yet paid b. The purchase of a company vehicle c. Legal fees earned but not yet collected d. The accumulation of interest in a bank account
Wright Company contracted with the city of St. Louis to train and employ disadvantaged youths. If Wright fails to fulfill the contract and is sued by one of the disadvantaged youths, the youth would
a. win, as he is an intended beneficiary. b. win, as he is a donor beneficiary. c. lose, as he is a creditor beneficiary. d. lose, as he is an incidental beneficiary.
Toby has lost valuable data on his computer a number of times due to system crashes caused by viruses. He decides to invest in a powerful antivirus program. When Toby buys the program, he will actually be buying the software ________.
A. patent B. copyright C. trademark D. code E. license
In the context of the primary securities market, in a private placement, _____.
A. the pool of potential investors is not limited to accredited investors B. the process of raising capital is complex and more expensive than public offerings C. it is mandatory to register with the Securities and Exchange Commission D. financing can be obtainedwithout having to prepare complex registration documents