The trend of consumers renting out their belongings when they are not in use to other consumers who need them for a limited time is called ________
A) e-commerce
B) virtual exchange of goods
C) the attention economy
D) collaborative consumption
E) the instapreneur market
D
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Gibbs Corporation makes indoor gas fireplaces. A standard fireplace includes unit-level materials, labor, and overhead costs. In addition, the company incurs product-level engineering and advertising costs. The sales staff is paid a 5% commission on each fireplace sold. A sales representative has been in contact with a building developer who wants to buy 20 fireplaces only if he can buy them at amount lower than Gibbs' selling price. Which of the following costs would be relevant to this special order decision?
A. The unit-level materials, labor, and overhead B. The product-level engineering and advertising costs C. The sales commissions D. All of the above.
A company borrowed $80,000 from a bank by signing a long-term note payable. The journal the transaction would be recorded in is the:
A. Cash payments journal. B. Purchases journal. C. General journal. D. Sales journal. E. Cash receipts journal.
One of the reasons it is said that only the investment banker wins when a company is acquired is that they
A. assure the newly acquired company will be successful. B. collect huge up-front fees regardless of the outcome afterwards. C. continue to work with the two companies involved. D. monitor the progress of both companies for long term growth.
Which of the following is an example of a new product?
A. a wholly new product idea B. an existing product for which new uses have been found in other product markets C. an existing product that has been modified in some way D. an existing product being offered to new markets E. All these answers are correct.