A campaign run by the manufacturers of Glad garbage bags informs viewers that Glad garbage bags are twice as thick as those made by Crash Bin Bags, the leading garbage bag brand in the market. In this scenario, Glad is using a(n) ________ appeal.
A. favorable price
B. product popularity
C. news
D. emotional
E. competitive advantage
Answer: E
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Leakey Valves Inc is all equity financed and generates perpetual annual EBIT of $600. Assume that the EBIT, and all other cash flows, occur at year end and that we are currently at the beginning of a year
Assume that Leakey Valves has a 100% payout rate, 1,000 shares outstanding, and that shareholders require a return of 6%. Assume that the tax rate is 0%. Leakey Valves is considering an open market stock repurchase. It plans to buy 20% of its outstanding shares at the price of $10.00 per share. The repurchased shares will be cancelled. It will finance the repurchase by issuing perpetual bonds with a coupon rate (and yield) of 4%. Assume that the tax rate is 0%. If Leakey Valves goes ahead with the repurchase, then what is the value of the company after the repurchase is complete? A) $8,000 B) $10,000 C) $12,000 D) $15,000 E) $9,000
Which of the following statements is most correct regarding a secured credit card?
A) It is a valuable form of credit insurance — you are protected against loss if the card is lost or stolen. B) It is useful to someone who has bad credit or no credit established yet. C) It provides a higher level of user security, using technology to prevent illegal use. D) Compared to non-secured credit cards, it always carries a much lower rate of interest.
A promissory note was signed with a face value of $25,000 on September 10 . The 90-day note is at 11.7%. Find the due date and maturity value of the note
a. November 30; $25,687.25 b. December 9; $26,125.85 c. December 9, $25,731.25 d. November 30, $26,055.65
According to FMLA, during the time that an employee is on family leave:
A) The employer must not contact the employee during the leave. B) The employee is responsible for staying in touch with the employer. C) The employer may make changes to the employee's benefits. D) The employer is responsible for alerting the employee to changes in processes and benefits.