Any attempt by a bailee to be relieved of liability for intentional wrongful acts is consistent with public policy and will be enforced.
Answer the following statement true (T) or false (F)
False
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Massage Envy, a franchised spa offering massages and facials, offers discounts for people who automatically purchase a monthly service or services. What revenue model does this represent?
a. licensing revenue model b. franchising revenue model c. revolving revenue model d. subscription revenue model
Ezinne transfers land with an adjusted basis of $50,000 and a FMV of $95,000 to a new business in exchange for a 50% ownership interest. The land is subject to a $60,000 mortgage which the business will assume. The business has no other liabilities outstanding. Indicate the amount of gain recognized by Ezinne due to this exchange if the building is transferred to (1) a corporation and (2) a partnership. Assume Sec. 351 is satisfied in the case of the corporation and Sec. 721 is satisfied in the case of the partnership.
A.
| Corporation | Partnership |
| $0 | $0 |
B.
| Corporation | Partnership |
| $10,000 | $10,000 |
C.
| Corporation | Partnership |
| $0 | $10,000 |
D.
| Corporation | Partnership |
| $10,000 | $0 |
List the six steps in decision making
What will be an ideal response?
Global companies have five strategies for matching products and their promotion efforts to global markets. Changing a product in some way to make it more appropriate for a country's climate or preferences is an example of which type of global marketing product and promotion strategy?
A. product adaptation B. product invention C. product customization D. product extension E. product integration