Which of the following is the best example of a consumer good?
A. the disposable diapers purchased by the new mother for her baby
B. the art supplies purchased for the elementary school art center
C. the riding lawn mower purchased by the landscaping company
D. the paint purchased by the contractor
E. the cookies purchased for the daycare center
Answer: A
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When a product is more distinctive, it leads to less price sensitivity
Indicate whether the statement is true or false
Which of the following statements is TRUE if a bond is issued for an amount higher than face value?
A) The bond's stated interest rate is less than the prevailing market interest rate at time of sale. B) The bond's stated interest rate is the same as the prevailing market interest rate at time of sale. C) The bond's stated interest rate is more than the prevailing market interest rate at time of sale. D) The bond is not secured by specific assets of the issuer.
Hiring managers can overcome the contrast effect when interviewing job candidates by adhering to the following suggestion: ______.
A. implement the contrast effect B. undergo training to enhance biases C. compare the current interviewee with the person who was just interviewed D. use a structured interview
Hastings Company replenished a $500 petty cash fund. The petty cash box contained vouchers of $87 for postage, $173 for supplies, $58 for gasoline, and cash on hand of $182. The journal entry to reflect replenishment would include:
a. debits to expense of $318 b. a debit to Cash for $318 c. a credit to Petty Cash for $318 d. a credit to Cash or $182