What is the collective name given to prevention costs, appraisal costs and failure costs since they are not directly measured as part of an organization’s operations?

a. Indirect costs
b. Hidden costs
c. Built-in costs
d. Inherent costs


b. Hidden costs

Business

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What four types of sources or spokespersons can advertisers utilize?

What will be an ideal response?

Business

When the price of product is reduced through a trade allowance, it is referred to as being:

A) on-deal B) off-deal C) a side deal D) a slotting fee

Business

Dixon, Inc. uses a standard cost system. On December 31, the last day of the accounting period, the account balances include the following:


What is the net operating income on a standard cost income statement of the company for the year ended December 31?

A) $8,780
B) $6,290
C) $8,470
D) $7,530

Business

Musical Productions has a privacy policy posted on its website but it does not follow the provisions contained within it. Musical Productions is in violation of

a. the CAN-SPAM Act. b. the Communication Decency Act. c. Section 5 of the FTC Act. d. the Electronic Communications Privacy Act.

Business