Buying behavior may be defined as the decisions and actions of people involved in buying and using products

Indicate whether the statement is true or false


True

Business

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GAAP stipulates that firms should do what with expenditures that increase the service potential of an asset beyond that originally anticipated?

a. Expense the expenditure immediately. b. Capitalize the expenditure and depreciate it over the remaining service life of the asset. c. Capitalize the expenditure, but do not depreciate the asset. d. Charge it off to shareholders' equity.

Business

This question has two parts; be sure to answer both. First, describe the four parts of a system. Next, imagine that you own a one-person business. You create beautiful, elaborate wedding cakes (for which you charge a large sum of money). What are the components of your wedding cake business system?

What will be an ideal response?

Business

A burglar took some blank checks during a break-in at XYZ Company. He was careful to make sure that the theft would be difficult to discover

Three months later, he wrote himself a check for $20,000 and signed the company treasurer's name on the check. After the check was cashed, the loss was discovered. Which commercial crime coverage form would cover this loss? A) Inside the Premises—Theft of Money and Securities B) Money Orders and Counterfeit Currency C) Forgery or Alteration D) Outside the Premises

Business

Ruby Red Corporation is incorporated in South Carolina. In that state, Ruby Red is A) a domestic corporation

B) a foreign corporation. C) an alien corporation. D) a non-entity.

Business