An indirect channel appears to be better than a direct channel when product customization is important
Indicate whether the statement is true or false
FALSE
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An independent auditor's (CPA's) report is a guarantee that the financial statements are free from fraud or material error
a. True b. False Indicate whether the statement is true or false
Preferred stock is stock ________.
A) that sells for a high price B) that is distributed to employees as annual bonuses C) that is distributed by corporations to avoid liquidation D) that gives its owners certain advantages over common stockholders
All of the following are accounting factors that will cause a firm's value-to-book ratio to decrease over time except:
a. recognizing unrealized gains on assets b. a loss of competitive advantage through changes in technology or other factors c. earning a high ROCE (above the equity cost of capital) on off-balance-sheet R&D assets d. earning a high ROCE (above the equity cost of capital) on off-balance-sheet intangible assets (such as brand equity) over time
Entrapment is an affirmative defense claiming that ________
A) the defendant's mental condition precluded him or her from understanding the wrongful nature of the act committed or from distinguishing wrong from right in general B) the idea for the crime did not originate with the defendant but was put into the defendant's mind by a police officer or other government official C) the defendant was forced to commit the wrongful act by threat of immediate bodily harm or loss of life D) a mistake made by the defendant vitiates criminal intent