Chris just landed her dream job but realizes that her college wardrobe is not going to work for her new professional position. In this situation, Chris has a(n) ________.
A. benefit
B. need
C. value
D. exchange
E. utility
Answer: B
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Calvin will be responding to a message and will need to make sense of it. This stage of the HURIER model is which of the following?
A. understanding B. responding C. interpreting D. evaluating
Why do vendors encourage retailers to sell at MSRP?
A. To promote national brands as quality brands B. To avoid markdowns C. To drive competitive retailers out of business D. To secure a profit E. To reduce retail price competition among retailers
Retained earnings:
A. Represents the amount shareholders are guaranteed to receive upon company liquidation. B. Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception. C. Can only be appropriated by setting aside a cash fund. D. Represent an amount of cash available to pay shareholders. E. Are never adjusted for anything other than net income or dividends.
Although not covered by the original statute of frauds, most states have statutes requiring a writing to make all but which of the following contracts enforceable?
a. A contract to make a will. b. A contract authorizing an agent to sell real estate. c. Contracts for the sale of securities. d. Contracts creating certain types of security interests.