Which of the following interacts with each phase in the conversion of inputs to outputs?
A. Control
B. Services
C. Goods
D. Information
Answer: A
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The oldest and most common form of business ownership in the United States is the:
a. corporation b. sole proprietorship c. general partnership d. limited partnership e. master limited partnership
Renee, the sole shareholder of Indigo Corporation, sold her stock to Chad on July 1 for $180,000. Renee’s stock basis at the beginning of the year was $120,000. Indigo made a $60,000 cash distribution to Renee immediately before the sale and Chad received a $120,000 cash distribution from Indigo on November 1. As of the beginning of the current year, Indigo had $26,000 in accumulated E & P and current E & P (before distributions) was $90,000. Which of the following statements is correct?
A. Renee recognizes a $60,000 gain on the sale of the stock. B. Renee recognizes a $64,000 gain on the sale of the stock. C. Chad recognizes dividend income of $120,000. D. Chad recognizes dividend income of $30,000. E. None of these.
Topaz is a brand of wrist watches manufactured by Krypton Inc. Krypton spends little money on its advertising, yet Topaz is a highly successful brand owing to its attractive features, exquisite design, and performance. The success of Topaz can be interpreted as evidence that
A. advertising can minimize competition based on product improvement. B. advertising increases product costs and prices. C. advertising is not needed for a brand to be successful. D. advertising is a major barrier to entry. E. product quality is an important determinant of a brand's success.
Differentiate between broadcast television and cable television.
What will be an ideal response?