Advertising appropriations are largest for which type of product?

A. Business products
B. Convenience goods
C. High-priced products
D. Specialty goods
E. Infrequently purchased goods


Answer: B

Business

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In general, a country accumulates reserves when the net of its current and capital account transactions shows a deficit

Indicate whether the statement is true or false

Business

Which of the following is NOT considered an example of a hospitality element?

a. Greeting b. Toilets and washrooms c. Advice d. Food and beverages e. Transport

Business

Gannon has prepared an effective and well-thought-out electronic presentation on business uses of social networking. As he is setting up for his presentation, the laptop he plans to use with the projector has a hardware failure. What should he do?

a. Expect that his host will provide him with another computer because he cannot complete his presentation without his slides. b. Hand out copies of the slides to the audience and give his talk as he planned, only without the computer. c. Decline to deliver the presentation. d. Reschedule the presentation for a later date.

Business

Which of the following statements is not true regarding modified accrual accounting?

A. Expenditures and fund liabilities are recorded when goods and services are received. B. Expenditures for claims and judgments and landfill post-closure care costs of governmental funds should be recognized to the extent that the liabilities are going to be paid with available resources. C. Compensated absences and special termination benefits of governmental funds that will not be paid with available resources should be reported as liabilities in the government-wide statements. D. Debt service expenditures for principal and interest are accrued.

Business