Mercedes-Benz offers a lifetime roadside assistance warranty on all of its vehicles, which shows that Mercedes is committed to customer service. This is an example of the ability of a warranty to ________.
A. convey a message to customers
B. build brand awareness
C. provide a service to customers
D. build brand identity
E. provide a cost to customers
Answer: A
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The trial balance is a formal statement just like the income statement, the owner's equity statement, and the balance sheet
Indicate whether the statement is true or false
If the auditor concludes that there may be a going-concern problem, which of the following is not typically evaluated to determine the reasonableness of management's plans to overcome this problem?
a. Management's assumption about increasing prices or market share in relationship to current industry developments. b. Management's assumptions about cost savings related to a reduction in the work force should be recomputed and evaluated to determine any hidden costs. c. Management's past track record related to delaying unnecessary expenditures. d. Management's assumptions about selling off assets and their relationship to current market prices.
The perfect tender rule requires that the seller's tender of performance must conform exactly to the contract subject to:
a. installment contracts. b. cure by the seller. c. Both of these. d. Neither of these.
The Ethical Leadership Scale developed by Kelly and Early identify each of the following measures of leadership:
A. Personal ethical competence, ethical leadership, and ethical standards B. Personal ethical competence, ethical standards, and ethical organization C. Personal ethical competence, ethical leadership, and ethical organization D. Ethical leadership, moral intensity, and ethical culture