Regarding consumer products, which of the following is true?
A. All unsought products remain unsought forever.
B. Convenience products are products that customers want to buy at the lowest possible price.
C. Specialty products must be searched for.
D. Price is not important at all for heterogeneous shopping products.
E. Supermarkets may carry homogeneous shopping products.
Answer: E
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The Shasta Corporation began operations in 2018. Shasta's portfolio of minority passive investments reported the following on December 31, 2018: Equity InvestmentsCost$450,000Fair value$395,000Which of the following is correct with respect to the accounting for Shasta's investment portfolio?
A. Net income was decreased $55,000 during 2018. B. Net income and total stockholders' equity were decreased $55,000 as of December 31, 2018. C. Net income and total stockholders' equity were increased $55,000 as of December 31, 2018. D. Net income was increased $55,000 during 2018.
Which of the following is the first step in the data reduction process?
A. Iteration B. Categorization C. Comparison D. Integration E. Memoing
In Bohnsack v. Varco, inventor Bohnsack discussed selling an invention to Varco for it produce but no agreement was reached. Bohnsack later claimed Varco stole the idea and filed for a patent on the idea. He sued Varco for theft of trade secret. The appeals court held that:
a. a jury could find that Varco knowingly misappropriated a trade secret so owed damages based on the value of the secret b. a reasonable jury could not find that Varco knew that the ideas Bahnsack provided were considered trade secrets c. even if Varco stole trade secrets, Bahnsack did not show there was any market value in his ideas, so there would be no damages d. even if Varco stole trade secrets, the information Bahnsack provided had not been adequately protected so were in the public domain e. none of the other choices are correct
To transfer contractual duties to a third party is:
a. assignment b. delegation c. repudiation d. beneficiary e. none of the other choices