Of the major consumer promotion tools, which is the most effective for introducing a new product?
A) sponsorships
B) sampling
C) loyalty programs
D) lobbying
E) advertising
B
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Which of the following statements is TRUE of an activity-based costing system?
A) It uses separate predetermined overhead allocation rates for each activity. B) It is not as accurate or precise as traditional costing systems. C) It accumulates overhead costs by processing departments. D) It is not as complex or as costly as traditional systems.
Mr. Raynold writes a will placing his estate in a trust on his death. He names a local bank as the trustee to administer the trust and invest its assets
The trust provides that when his grandson reaches the age of 23, the trust will terminate, and he will be given legal title to the assets. Mr. Raynold dies when the grandson is 12 years old. At the age of 23, the grandson inherits the title to the assets. What kind of trust is created by Mr. Raynold in this scenario? A) an inter vivos trust B) a testamentary trust C) a constructive trust D) a resulting trust
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Indicate whether the statement is true or false
Isabel is responding to a congratulatory note she received from a colleague. Which of the following is the best sentence to include in her response?
A) Thanks, but I really did not deserve this promotion. B) So many people were so much more deserving of this promotion than I was. C) Your words about my promotion are much too kind! D) Thanks for your kind words regarding my promotion.