Through ________ competition, competitors offer different products, attempting to satisfy the same consumers' needs and wants
A) discretionary income
B) product
C) brand
D) monopolistic
E) oligopolistic
B
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Which of the following is true about market nichers?
A) They are market followers in small markets. B) They tend to have high manufacturing costs. C) Their return on investment exceeds that in larger markets. D) A nicher achieves high volume as against a mass marketer that achieves high margin. E) They usually experience long-term losses.
In selecting a sample for attribute testing, block sampling involves which of the following approaches?
a. Each item in the population having an equal chance of selection. b. Every nth item being selected after a random start. c. An arbitrary selection with no conscious bias. d. Selecting all items on a day or week.
Which of the following is not a satisfactory statement of the accounting equation?
a. Assets = Liabilities + Stockholders' Equity b. Assets – Stockholders' Equity = Liabilities c. Assets = Liabilities – Stockholders' Equity d. Assets – Liabilities = Stockholders' Equity
On April 1, 2018, Nunez Manufacturers purchases equipment for $100,000, paying $30,000 in cash and signing a 10-year mortgage for $70,000 at 8% annual interest
Prepare the journal entry to record the acquisition of the equipment. Omit explanation.