Most products are established at one of four performance levels: low, average, high, or superior. For example, mountain bikes come in a variety of sizes and physical attributes
When a consumer purchases a mountain bike costing $1,000, he or she expects the bike to perform to specifications and to have a high ________, meeting the promised specifications.
A) features
B) conformance quality
C) durability
D) performance quality
E) reliability
D
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Redeemable preferred stock is best considered as equity for ratio analysis
Indicate whether the statement is true or false
All of the following statements about corporations are true except
A) they are chartered by the state. B) ownership is represented by shares of stock. C) the sale of stock does not dissolve the business. D) the stockholders have direct control of the business.
In March of 2013 . Mars Corp bought 45,000 shares of Elite Corp's listed stock for $450,000 and classified the shares as available-for-sale securities. The market value of these shares had declined to $300,000 by December 31 . 2013 . Mars changed the classification of these shares to trading securities in June of 2014 when the market value of this investment in Elite's stock had risen to $345,000
. How much should Mars include as a loss on transfer of securities in its determination of net income for 2014? a. $0 b. $45,000 c. $105,000 d. $150,000
A company can use public relations internally as well as externally
Indicate whether the statement is true or false