Most product-markets head toward ________ over the long run.
A. monopoly
B. monopolistic competition
C. capitalistic competition
D. collectivism
E. pure competition
Answer: E
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To be useful, a market segment should be ________, which means the largest possible homogeneous group worth going after with a tailored marketing program
A) measurable B) substantial C) accessible D) differentiable E) actionable
When a statement of cash flows is prepared using the indirect method,
A) net income is the starting point in determining cash flows from operations. B) cash paid for dividends is not included. C) the increase in cash is different than when the direct method is used. D) the amount of cash collected from customers is calculated.
Kevin Woodworking Company is preparing its statement of cash flows using the indirect method. During the year, Kevin sold equipment for $5,990 cash. The net book value of the asset was $4,970. Which of the following statements is true?
A) The gain on sale of $1,020 is added back to net income in the operating activities section. B) The book value of the assets sold is shown as a negative cash flow in the investing activities section. C) The cash receipt of $5,990 is shown as a positive cash flow in the investing activities section. D) The gain on sale of $1,020 is shown as a positive cash flow in the financing activities section.
A(n)_________is the arrangement whereby property is transferred from one person, the to be administered by a(n) for the benefit of a third party, the_________
Fill in the blank(s) with correct word