A version of customary pricing is _____

a. variable pricing
b. everyday low pricing
c. direct product profitability
d. maintained markup pricing


b

Business

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Which of the following could be described as both an advantage and a disadvantage of incorporation?

A) Continuous existence B) Limited liability C) Double taxation D) Lack of mutual agency

Business

Sigma Company suffers a loss to its building in a fire and spends $100,000 on repairs and improvements. It judges that $80,000 of the expenditure replaces long-lived assets lost in the fire, and $20,000 represents improvements to the building. Which of the following is the single journal entry that Sigma Company will make?

a. Building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 b. Loss from Fire . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 c. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Loss from Fire . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 d. Building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Loss from Fire . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 e. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Loss from Fire . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000

Business

What is the period of copyright protection provided for individuals under the Copyright Term Extension Act of 1998?

A. Individuals are granted 20 years of copyright protection, after which it has to be renewed for a fee. B. Individuals are granted copyright protection for their lifetime plus 70 years. C. Individuals are granted 95 years copyright protection from the year of first publication of the work. D. Individuals are granted 120 years copyright protection from the year of creation of the work.

Business

__________ is a purchase of a dissident shareholder's stock by the issuer at a premium over market, often in exchange for a standstill agreement, whereby the shareholder agrees not to commence a tender offer or proxy contest or to buy additional shares of the issuer for a period of time

a. Greenmail b. A freeze out c. Choice agreement d. Equitable agreement

Business