The well-known brand AT&T (American Telephone and Telegraph) would most likely be classified as
A. fanciful.
B. generic.
C. descriptive.
D. suggestive.
E. arbitrary.
Answer: C
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The end of an expansion when output, income, and employment begin to decline is referred to as
A. a depression. B. an inflationary period. C. a peak. D. a trough.
A product line's contribution margin represents its contribution to paying off variable costs and to generating a profit
Indicate whether the statement is true or false
On January 1 . 2014, Gravel Company lent $17,800 cash to Paver Company. The promissory note made by Paver for $20,000 did not bear explicit interest and was due on December 31 . 2016 . No other rights or privileges were exchanged. The prevailing interest rate for a loan of this type was six percent. Assume that the present value of $1 for two periods at six percent is .89 . Paver should recognize
interest expense in 2014 of a. $0. b. $1,068. c. $1,100. d. $1,200.
Firms that promote mostly on a seasonal basis utilize massed advertising efforts
Indicate whether the statement is true or false