Petroleum, a relatively cheap nonrenewable energy source, is:
A. being increasingly depleted and is expected to run out in another 50 years, but in the meantime, improved retrieval techniques are being developed.
B. expected to run out in another 10 years and needs to be replaced with renewable energy sources quickly.
C. in abundant supply but is not environmentally clean.
D. clean, cheap, and available, but its major issue as a fuel is that most of the reserves are located in countries whose leadership is critical of the industrialized world.
Answer: A
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When Mattel first introduced Barbie in Japan, managers assumed that Japanese girls would find the doll's design just as appealing as American girls did. This may be due to:
A) Barbie's physical features such as long legs and blonde hair. B) Barbie being a symbol of American lifestyle. C) the SRC tendency on the part of American managers. D) the SRC tendency on the part of Japanese consumers. E) the limited competition for dolls in Japan.
Which of the following statements does not properly state a basic principle for reporting an accounting change?
A) retrospectively apply a change in accounting principle B) prospectively account for a change in accounting estimate C) retrospectively adjust for a change in reporting entity D) retrospectively apply a change in accounting estimate
Critics argue that large marketing companies use patents and heavy promotion spending to ________
A) acquire smaller companies B) bear the social costs of their operations C) bar new companies from entering an industry D) achieve economies of scale E) offset cultural pollution
Under the simple interest method
A) the APR is applied to the outstanding balance on the loan. B) interest is deducted from the credit extended at the beginning of the loan. C) interest is added to the credit extended at the beginning of the loan. D) interest is a simple percentage of the initial amount borrowed.