A manufacturer tests, modifies, and retests an original idea several times before offering it to the consumer. This process is called:
A) data mining
B) product development
C) product application
D) manufacturing analysis
E) product configuration
B
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______ is reasoning that takes a known idea or general principle and applies it to a situation.
Fill in the blank(s) with the appropriate word(s).
Sam and his wife Ann purchased a home in Lubbock, Texas, in 1980 for $100,000. Their original home mortgage payment was $90,000. The house has a current market value of $175,000 and a replacement value of $200,000. They still owe $55,000 of their home mortgage payment. In their current balance sheet, their home will be reflected as:
A. a $200,000 asset for the replacement value and a $55,000 liability for the outstanding mortgage. B. a $200,000 asset for the replacement value and a $90,000 liability for the original mortgage. C. a $175,000 asset for the market value and a $55,000 liability for the outstanding mortgage. D. a $175,000 asset for the market value and a $90,000 liability for the original mortgage. E. a $100,000 asset for the purchase price and a $55,000 liability for the outstanding mortgage.
Coca-Cola's carbonated soft drinks are available in millions of locations worldwide. This is an example of ________ distribution.
A. exclusive B. administered C. horizontal D. intensive E. selective
Andrea offered to buy apricots from Aramos. The offer was for 10 tons at $1.20 per pound to be transported to Andrea's warehouse in Aramos trucks. Aramos accepted the offer, but said that the goods would be transported in Andrea's trucks. A dispute later arose and Aramos refused to sell the apricots, asserting that no contract existed. If Aramos sues, it:
a. wins because agricultural products are outside the scope of the UCC b. wins because his acceptance changed terms from the original offer by Andrea c. loses because Aramos never got specific permission to change the terms of the initial offer d. loses if it can be shown that Aramos did not offer new consideration for the transportation modifications to the contract e. none of the other choices