When attending a play, a person's high level of satisfaction is based on
a. a performance that exceeds expectations
b. the person's experience of the actual event
c. expectations formed from past experiences at the theater
d. expectations formed from the marketer's promotional material about the play
e. all of the above
E
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Sarno has a capital balance of $42,000 after adjusting the assets to fair market value. Minton contributes $22,000 to receive a 30% interest in the new partnership. the bonus paid by Minton is $2,800
Indicate whether the statement is true or false
In many cases, companies that enter a market after innovative products have been introduced can achieve long-term competitive advantages by continuing to develop a better mousetrap. For example, VisiCalcwas the first company to introduce a desktop spreadsheet program, but Lotus Notes cornered a large market share when it introduced the 1-2-3 program. Today, however, Microsoft's Excel is the dominant spreadsheet software program and has continued to endure due to the popularity of the Microsoft Office Suite of products. VisiCalc possessed a ___________ advantage while Microsoft enjoyed a ___________ advantage.
A. first-mover; late-mover B. late-mover; first-mover C. sustainable; unsustainable D. economic; technological
Millie is risk manager of JKL Company. She is considering an investment in a loss control project
The project will cost $40,000. Assuming a 10 percent discount rate, the present value of the future net cash flows that this project will generate is $60,000. What is the net present value (NPV) of this project? A) $20,000 B) $26,000 C) $60,000 D) $100,000
The most relevant form of growth for valuing a firm's common stock is internal growth
Indicate whether the statement is true or false