Daniel Defoe tells a story about a tradesman who could neither read nor write. What lesson taught by this story?
a. The lesson is that a person does not need education to succeed in business
b. The lesson is that accounting does not require an understanding of arithmetic
c. The lesson is that accounting must be systematic
d. The lesson is that only double-entry bookkeeping produces useful economic information for decision-making
c
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________ refers to the portion of the customer's purchase that a company gets in its product categories
A) Value proposition B) Share of customer C) Brand equity D) Customer lifetime value E) Customer equity
Match each term with the correct statement below.
a. HMO health insurance b. PPO health insurance c. fee-for-service health insurance d. property insurance e. personal property insurance f. liability insurance g. level term insurance h. decreasing term insurance 1. Life insurance that covers a specific period of time, carries no cash value, and the coverage stays the same during the entire period 2. Insurance that covers your house and temporary living expenses in the event of fire 3. Insurance that covers your household goods if they are stolen 4. A type of insurance that is provided by an organization that owns several health care facilities, and the patient is required to use one of those providers 5. A type of insurance that is a contract between you and the insurance company, and the insurance company pays a fixed sum for services 6. A type of insurance that provides for a decreasing benefit in the event of death for a specific number of years. The least expensive type of insurance
Gale Corporation recently issued 270-day commercial paper with a face value of $100,000 and a simple interest rate of 11 percent. Assuming there are 360 days in a year, what is the commercial paper's annual percentage rate (APR)? The firm incurs no transaction costs to issue the commercial paper.
A. 11.99% B. 6.74% C. 11.00% D. 8.25% E. 8.99%
Parker, a salesperson for Quality Textiles, Inc., shows Rosa, a fabric buyer for Style Clothing Company, samples of cloth, stating that any shipment will match the samples. This statement is
A. an express warranty. B. an implied warranty. C. a warranty of title. D. puffery.