People who have the same amount of income but who are in different social classes tend to spend their income in the same way.

Answer the following statement true (T) or false (F)


False

Various classes have different attitudes toward spending and saving, even when they have the same income level.

Business

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The first stage of change, the ________ stage, involves preparing the organization to accept that change is necessary, which involves break down the existing status quo before you can build up a new way of operating. According to Lewin, key to this is developing a compelling message showing why the existing way of doing things cannot continue.

A. freezing B. unfreezing C. reinforcing D. resisting E. changing

Business

Assume payroll for Kicker Sound Systems for the month of January was $150,000 and the following withholdings, fringe benefits, and payroll taxes apply:  Federal and state income taxes withheld$38,000Health insurance premiums (Blue Cross) paid by employer12,000Contribution to retirement plan (Fidelity) paid by employer15,000FICA tax rate (Social Security and Medicare)7.65%Federal and state unemployment tax rate3.80%Assume that Kicker has paid none of the withholdings or payroll taxes by the end of January (record them as payables) and that no employee's cumulative wages exceed the relevant wage bases. Required: 1. Record the employee salary expense, withholdings, and salaries payable.2. Record the employer-provided fringe benefits.3. Record the employer payroll taxes.

What will be an ideal response?

Business

A strategy of setting prices based on how customers develop their perceptions of value can often be the most effective pricing strategy, especially if the strategy

A. is consistent with a competitive target return strategy. B. challenges consumers to discard their perceptions of value. C. is supported by consistent advertising and distribution strategies. D. is measured against the competition. E. leads the marketer to being the low-cost seller.

Business

Heavy Equipment Corporation leases six forklifts to Inland Refining Company, but as the forklifts are delivered, they are lost in an explosion. Under the UCC, the parties' rights and obligations with respect to the loss depend on the concept of

A. identification. B. insurable interest. C. risk of loss. D. title.

Business