_____ are typically categorized by a sudden and unpredictable spike in sales followed by a rather abrupt decline
a. Consumer durable goods
b. Fad items
c. Product trends
d. Product life cycles
ANSWER: b
Fads are typically categorized by a sudden and unpredictable spike in sales followed by a rather abrupt decline. Examples of fad items are Silly Bandz, Beanie Babies, and Crocs.
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On June 1, Dave Byers bought 10 Continental Technology bonds with a coupon rate of 9% interest paid on May 1 and November 1. The purchase price was 92.750 and the commission was $5 per bond. Dave sold the bonds on October 1 for 94.50. What was his total gain on this investment?
What will be an ideal response?
The fact that political and economic elites in other countries tolerate corrupt and unethical conduct and are the very ones to benefit from that conduct in certain cases does not provide evidence to support the claim that what we take as unethical is ethically acceptable there.
Answer the following statement true (T) or false (F)
Dade Corp. has residual income of $10,000. If operating income equals $30,000 and the minimum required rate of return is 8%, what are average invested assets?
A. $250,000 B. $500,000 C. $375,000 D. $125,000
If leased property is condemned, whether or not the tenant will be compensated depends upon
a. state law. b. the terms of the lease. c. the goodwill of the landlord. d. none of these.