Reference groups can be categorized very broadly as either:
A. primary or secondary
B. persuasive or nonpersuasive
C. direct or indirect
D. positive or negative
E. personal or nonpersonal
Answer: C
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All companies desire a low return on total assets.
Answer the following statement true (T) or false (F)
For physical products, i.e., products that cannot be downloaded, customer requests take longer to fulfill through online sales than in a retail store setting
Indicate whether the statement is true or false.
An impairment of an intangible asset decreases assets, stockholders' equity, and net income.
Answer the following statement true (T) or false (F)
Helen tells her nephew, Bernard, that she will pay him $100 if he will stop smoking for six months. Helen was hopeful that if Bernard stopped smoking for six months, he would stop altogether. Bernard stops smoking for six months but then resumed his smoking. Helen will not pay him. She says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at
least implied that he would stop smoking for good. Can Bernard legally collect $100 from Helen? a. No, because under the law his stopping smoking was not adequate consideration. b. No, because it was implied that he would stop smoking for good, and he only quit for six months. c. Yes, because his stopping smoking for six months, as agreed, was adequate consideration for the contract. d. Yes, because stopping smoking was good for his health even if he only did it for six months.