Axel Spring AG, one of Europe's largest newspaper publishers, with 10,000 employees and more than 150 papers in 30 countries, announced it would switch its entire operation from PCs to Macs. Axel decided to make a switch to Apple because the company's layout work was already being done by Macs, the Macs were more user friendly, more elegant, and cheaper to maintain than they had been in the past. This is an example of a _____.
A. new buy
B. value buy
C. straight rebuy
D. modified rebuy
E. make-or-buy
Answer: D
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The main problems caused by asymmetric information are
A. irrational expectations and moral hazard. B. imperfect credibility and adverse selection. C. adverse selection and irrational expectations. D. adverse selection and moral hazard.
What are the six steps in personal selling?
What will be an ideal response?
Bob Brain files a single tax return and decides to itemize his deductions. Bob's income for the year consists of $75,000 of salary, $3,000 long-term capital gain, and $1,500 interest income. Bob's expenses for the year consist of $800 in investment advice fees and $250 in tax return preparation fees. What is Bob's investment expense deduction?
A. $1,050. B. $250. C. $800. D. $0. E. None of the choices are correct.
Accrual accounting requires frequent, ongoing changes in estimates
Indicate whether the statement is true or false