Kim wants to maximize sales to the customers who walk into her store. Of the following, Kim will most likely focus on

A. mass media advertising.
B. off-price wholesaling.
C. in-store promotions.
D. billboard and other outdoor advertising.
E. supply chain relationships.


Answer: C

Business

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The concept of reasonable assurance in the context of an entity's internal controls recognizes that:

A. the costs of some controls may be too high to implement in relation to potential benefits. B. proper internal controls guarantee that material misstatements will not occur. C. proper internal controls preclude fraud. D. auditors may fail to detect material misstatements.

Business

The purpose of the screening stage in a new-product development process is to:

a. refine the promotion campaign to be used with the new product. b. eliminate ideas that are inconsistent with an organization's new-product strategy. c. identify and eliminate concept tests that might lead to duplication of experiments. d. set a limit on the number of members allowed to assess the viability of a new-product idea.

Business

Recently, Ohio Hospitals Inc. filed for bankruptcy. The firm was reorganized as American Hospitals Inc., and the court permitted a new indenture on an outstanding bond issue of face value $1,000 to be put into effect. The issue has 10 years to maturity and a coupon rate of 10 percent, paid annually. The new agreement allows the firm to pay no interest for five years. Then, interest payments will be resumed for the next five years. Finally, at maturity (Year 10), the principal plus the interest that was not paid during the first five years will be paid. However, no interest will be paid on the deferred interest. If the required return is 20 percent, what should the bonds sell for in the market today?

A. $242.26 B. $281.69 C. $578.31 D. $362.44 E. $813.69

Business

When a release of hazardous chemicals from a site occurs, potentially responsible parties can avoid liability through transfer of ownership

Indicate whether the statement is true or false

Business