Any word, name, symbol, or device used in business to identify and promote a product is called a ______.
a. trademark
b. copyright
c. brand
d. patent
a. trademark
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What are the advantages and disadvantages of using demand-based pricing?
What will be an ideal response?
The passive approach to handling a crisis situation is based on the idea that problems ________
A) could be avoided with preparation B) eventually go away when ignored C) require elaborate plans to manage D) should be actively defended from all sides E) are an unavoidable aspect of any organization
Firms account for leases using either the operating lease method or the capital (finance) lease method. Which of the following is true?
a. The operating lease method treats leases as executory contracts. b. The operating lease method recognizes a leased asset on the lessee's statement of cash flows. c. The operating lease method recognizes a lease liability on the lessee's balance sheet. d. Under the operating lease method, the lessor does not recognize rent revenue as the lessee uses the leased asset over time. e. Under the operating lease method, the lessee does not recognize rent expense as the lessee uses the leased asset over time.
Which of the following statements about mobile home insurance is (are) true?
I. Coverage for the mobile home may be written on either a replacement cost basis or an actual cash value basis, depending on how much the mobile home has depreciated. II. An additional coverage pays, up to a specified dollar limit, for the cost of transporting the mobile home to a safe place when it is endangered by a covered peril. A) I only B) II only C) both I and II D) neither I nor II