An adult who dreams of being their own boss and independently wealthy is driven by feelings of:
a. self-control
b. competence
c. purpose
d. stress
Ans: A
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The owner's capital for a sole proprietorship is similar in nature to which of the following for corporations?
a. Stockholders' equity b. Retained earnings c. Common stock d. Dividends
Outline the priority of claims in secured and unsecured transactions.
What will be an ideal response?
The Dickerson PR Firm is considering two mutually exclusive projects with useful lives of 3 and 6 years. The
after-tax cash flows for projects S and L are listed below. Year Cash Flow S Cash Flow L 0 -$60,000 -$51,500 1 40,000 13,000 2 20,000 19,000 3 17,000 11,000 4 20,000 5 10,000 6 8,000 Calculate the equivalent annual annuity for each project assuming a required return of 15%. What decision should be made?
The in-store sampling approach can be very effective for food products because
A. it does not require the cooperation of retailers. B. it is an inexpensive sampling method. C. customers get to taste the sample. D. customers get the sample delivered to their homes. E. it does not require a great deal of planning.