Li Company paid cash to purchase land. What happened as a result of this business event?
A. Both assets and total equity decreased.
B. Total equity decreased.
C. Total assets were unaffected.
D. Total assets decreased.
Answer: C
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The primary advantage of mixed mode surveys is that:
A) they have higher non-response rates B) they automatically produce vouchers of data to clients C) there is no effect on response caused by the various modes D) researchers can take the advantages of different modes to achieve their data collection goals E) all of the above are true
Cybertron Inc. was accused of deceptive pricing. Which of the following explains what most likely occurred?
A) Cybertron refused to advertise sale prices in the local paper. B) Cybertron sold only defective products at the advertised price. C) Cybertron advertised a large price reduction from a phony high retail list price. D) Cybertron misrepresented a product's features in an ad. E) Cybertron used misleading labeling.
If a cost can be reduced to zero in the short run without significantly harming the organization, the cost is a
a. Product cost. b. Variable cost. c. Discretionary cost. d. Comitted cost.
Direct writing:
A) describes the distribution system used by independent agents and brokers in the property/liability area B) is used only by life insurers C) is an expensive way to distribute insurance to high income people D) describes a system of insurance company distribution using employee/agents