Which of the following statements is true of ownership utility?
A. Itboosts customer satisfaction by providing helpful information.
B. It satisfies customer needs by providing the right products in the right place.
C. It adds value by making products available at a convenient time for consumers.
D. It adds value by making it easier for customers to possess the goods that they purchase.
Answer: D
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Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $10,000 . If theissuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption?
a. $10,000 loss b. $25,000 loss c. $25,000 gain d. $15,000 gain
Which one of the following below is not a factor that influences a business's control environment?
A) management's philosophy and operating style B) organizational structure C) proofs and security measurers D) personnel policies
According to the prophetic–caliphal model of leadership, a ______ leader must use coercion and fear in order to maintain status as a leader.
A. caliphal B. duality C. individualism D. personalism
Ernest operates an ice cream stand during the months of May, June, July, and August. Ernest's ice cream machine is broken and needs a new part to run. He contracts to have the part shipped to him by special carrier. Ernest emphasizes that the part needs to be delivered by April 25 and the carrier agrees, knowing that Ernest intends to open his stand May 1 . If the shipper fails to deliver the
part on April 25, Ernest will be able to recover consequential damages caused by the delay. a. True b. False Indicate whether the statement is true or false