Advertisements for the sale of goods at a specified price are considered by the courts as:
A. acceptance of an offer.
B. invitations to negotiate.
C. an unfair offer.
D. giving everyone who sees the ad the power to bind into a contract.
Answer: B
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Marketers first identify consumer needs and then provide products that satisfy those needs. This practice is referred to as ________
A) the stakeholder orientation B) the marketing concept C) Total Quality Management D) the production orientation E) the marketing mix
Which of the following is true of the Public Company Accounting Oversight Board?
A) All members of the Public Company Accounting Oversight Board have to be certified public accountants (CPAs). B) The Public Company Accounting Oversight Board was created by the Tax Reform Act of 1976. C) The Securities and Exchange Commission (SEC) has oversight and enforcement authority over the board and its functioning. D) The Public Company Accounting Oversight Board lacks the power to initiate any disciplinary actions against defaulting accountants.
A firm with a total asset turnover that is lower than industry standard but with a current ratio that meets industry standard must have excessive ________
A) fixed assets B) inventory C) accounts receivable D) debt
In 2000 Jenson Inc issued bonds with an 8 percent coupon rate and a $1,000 face value. The bonds
mature on March 1, 2025. If an investor purchased one of these bonds on March 1, 2012, determine the yield to maturity if the investor paid $1,100 for the bond. A) The yield to maturity must be greater than 8% because the price paid for the bond exceeds the face value. B) 7% C) The yield to maturity is $900 ($1,000 interest less $100 capital loss). D) 5.4%