An advertising specialty is a valuable promotional product that bears no advertising message.
Answer the following statement true (T) or false (F)
False
An advertising specialty is a promotional product, usually imprinted with an advertiser's name, message, or logo, that is distributed free as part of a marketing communications program.
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Stephenson Company is trying to decide which one of two contracts it will accept. The costs and revenues associated with each are listed below: Contract X Contract ZContract Revenue$200,000 $260,000 Materials 10,000 10,000 Labor 88,000 120,000 Depreciation on Equipment 8,000 10,000 Cost Incurred for Consulting Advice 1,500 1,500 Allocated Portion of Overhead 5,000 3,000 The equipment was purchased last year and has no resale value. Which of these amounts is relevant for the selection of one contract over another?
A. Materials, consulting advice and allocated overhead B. Contract revenue, labor costs and depreciation on equipment C. Cost of consulting advice and allocated overhead D. Contract revenue and labor costs
Noerr doctrine is guaranteed by the Bill of Rights
Indicate whether the statement is true or false
The Cheese Shoppe's liabilities total $59,000 and its owners' equity is $124,000. Which of the following is true?
A. The total assets equal $65,000. B. The firm's assets are $124,000. C. The current liabilities are less than the current assets. D. The total assets equal $183,000. E. The firm's sales are $183,000.
Answer the following statement(s) true (T) or false (F)
1. The statutory authority granted to the board of directors to manage the business and affairs of the corporation is absolute and may not be limited in any way by the articles of incorporation or the corporate shareholders. 2. The board of directors of a public corporation has oversight responsibility for the corporation’s business performance and plans. 3. The issuance of stock of a corporation sometimes requires shareholder approval. 4. Corporate directors may be found personally liable for their poor business decisions that adversely affect the corporation, even if those decisions are made with diligence and in good faith. 5. Under the business judgment rule, directors may not be found personally liable to the corporation or third parties for their fraudulent acts if those acts were made on behalf of the corporation.