Which of the following technological changes has had the most significant effect on the new competitive landscape?
A. The Internet
B. Digital imaging
C. E-readers
D. Touch screen input
Ans: A. The Internet
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Which of the following are not included in a fixed-asset ledger?
a. List of all the assets. b. Estimated useful life. c. Salvage value. d. All the above are included.
How are contracts for the provision of services treated under Article 2 of the Uniform Commercial Code?
What will be an ideal response?
When firms set prices similar to those of competitors, they are following a strategy of
A. copycat pricing. B. me-too pricing. C. market-broadening pricing. D. industry-standard pricing. E. competitive parity.
On November 7, a calendar year business placed in service $900,000 of 3-year recovery property. If this was the only property placed in service during the year, MACRS depreciation is computed using the:
A. Mid-year convention B. Daily pro-ration method C. Mid-month convention D. Mid-quarter convention