Phillip is on his way to work when he realizes he has a flat tire. He swings into Discount Tires and has a new tire installed. Phillip's purchase of a new tire in this situation is considered to be
A. a shopping good.
B. a convenience good.
C. an unsought good.
D. a specialty good.
E. an industrial good.
Answer: C
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Ad hoc is a Latin word, meaning ________
A) out of chaos B) from one, many C) by that very act D) with respect to a specific purpose E) and the rest
A vision provides a ______ for the future. It describes where the organization is headed.
A. focus point B. formal plan C. specific plan D. mission
The face value of a bond is $71,000, its stated rate is 7%, and the term of the bond is five years
The bond pays interest semiannually. At the time of issue, the market rate is 8%. Determine the present value of the bonds at issuance. Present value of $1: 4% 5% 6% 7% 8% 5 0.822 0.784 0.747 0.713 0.681 6 0.790 0.746 0.705 0.666 0.630 7 0.760 0.711 0.665 0.623 0.583 8 0.731 0.677 0.627 0.582 0.540 9 0.703 0.645 0.592 0.544 0.500 10 0.676 0.614 0.558 0.508 0.463 Present value of annuity of $1: 4% 5% 6% 7% 8% 5 4.452 4.329 4.212 4.100 3.993 6 5.242 5.076 4.917 4.767 4.623 7 6.002 5.786 5.582 5.389 5.206 8 6.733 6.463 6.210 5.971 5.747 9 7.435 7.108 6.802 6.515 6.247 10 8.111 7.722 7.360 7.024 6.710 A) $50,844 B) $20,156 C) $68,152 D) $71,000
Cash flows from assets will always be less than cash flows from financing due to dividends
Indicate whether the statement is true or false