Vegan restaurants are a good example of which strategy?
a. low-price provider
b. differentiation
c. market-niche
d. brand image
c. market-niche
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The temporary difference associated with accelerated depreciation for tax purposes and straight-line depreciation for financial reporting purposes means that a firm will pay _____ income taxes in the early years of the asset's life, but this temporary difference will reverse over the entire asset life, resulting in _____ taxes in later years
a. higher; higher b. lower; higher c. higher; lower d. lower; lower e. average; average
The accounting cycle requires three trial balances be prepared. In what order are they prepared?
A) Post-closing, unadjusted, and adjusted B) Unadjusted, post-closing, and adjusted C) Unadjusted, adjusted, and post-closing D) Post-closing, adjusted, and unadjusted
All else being equal, which of the following would cause net operating income to increase?
A) An increase in total variable costs. B) A decrease in total fixed costs. C) A decrease in sales price per unit. D) A decrease in contribution margin.
Nonprofit organizations use intermediaries because of
a. their experience, specialization and contacts b. new channel opportunities emerge c. a desire to keep more revenue d. it attracts more attention to the offering e. all of the above