Which of the following conditions is typical of consumer products and services?
A) The product is premium priced.
B) The product is standardized.
C) The product line has a high contribution margin.
D) The product or service has a small market share.
B
You might also like to view...
For real property placed in service after 1986, depreciation under the MACRS system is calculated using the
A. 200% DB method and a mid-month convention in the year of acquisition and in the year of disposition. B. straight-line method and a mid-month convention in the year of acquisition and in the year of disposition. C. 200% DB method and a half-year convention in the year of acquisition and in the year of disposition. D. straight-line method and a half-year convention in the year of acquisition and in the year of disposition.
Walter enters a dentist office and points to a damaged tooth. The dentist, Matt, treats the tooth. If Walter refused to pay and Matt sued,
A. Walter would win as there was no contract. B. Walter would win because of the UCC. C. Matt would win; this is an implied contract. D. Matt would win in quantum meruit.
Land Corporation reported the following:
Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $12.00 per share?
A) Treasury Stock—Common is debited for $480,000.
B) Paid-In Capital from Treasury Stock Transactions is credited for $135,000.
C) Retained Earnings is debited for $480,000.
D) Common Stock—$5 Par Value is credited for $200,000.
________ markets buy goods and services for further processing
A) Business B) Reseller C) Wholesale D) Consumer E) Retail