Common-size statements:
A. Compare financial statements over time.
B. Reveal changes in the relative importance of each financial statement item to a base amount.
C. Do not emphasize the relative importance of each item.
D. Reveal patterns in data across successive periods.
E. Show the dollar amount of change for financial statement items.
Answer: B
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Which of the following statements about the marketing concept is most accurate?
A. All U.S. firms are now operating with a marketing concept philosophy. B. In using the marketing concept, companies tried to satisfy the needs of consumers while also achieving their goals. C. In using the marketing concept, companies focus on sales and advertising. D. The marketing concept can be traced its roots to early Greek culture. E. The marketing concept is most effective when production is limited and the product will sell itself.
Which of the following is an example of a nonvalue-adding activity?
a. Product distribution activity b. Customer service activity c. Data processing activity d. Product design activity
To succeed on a claim of trade-dress infringement, a plaintiff must prove that the ________
A) trade dress is primarily nonfunctional B) trade dress has not acquired a secondary meaning C) alleged infringement does not create confusion D) value of the trade dress has been diminished
The doctrine of res ipsa loquitur would permit the court to infer negligence in which of the following situations?
a. A ladder rung broke under the weight of a worker's foot. b. A sign over a storefront fell on your head. c. A patron of a restaurant slipped on a wet spot on the floor and hit her head on a chair. d. All of these.