Mary's Bakery is trying to determine what price to charge for its cookies, so Mary places a low price on them and raises it each week, keeping track of how many she sells. Then she determines what her cost was for the cookies and determines which price was the most profitable. What form of research was Mary conducting?
A. scanner-based
B. a panel
C. observation
D. an experiment
E. survey
Answer: D
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Brian's is a department store. It observes that most of its customers prefer weekly shopping and accordingly maintains its merchandise stock. Therefore, the store's segmentation is based on
A. personality. B. buying situation. C. demographics. D. social class. E. income.
Which of the following is not an objective of the SEC's integrated disclosure system?
a. To coordinate the Form 10-K requirements with those of the annual report b. To lessen the impact of the FASB c. To expand the management discussion of liquidity, capital resources, and results of operations d. To improve the quality of disclosure e. To standardize information requirements
Each partner is personally liable only for his/her share of the debts of the partnership
Indicate whether the statement is true or false
Ruggers Corp is a maker of a range of highly popular cruise motorcycles. Tim buys a Ruggers motorcycle from a dealership and suffers an accident
While recuperating from his injuries, he learns that Ruggers has recalled all motorcycles it had manufactured and sold in the previous two years, owing to a previously-unknown defect in their braking systems. Tim brings a product liability lawsuit against the motorcycle manufacturer and claims $50,000 in damages. The defect in the motorcycle is found to be half responsible for the accident, while Tim's own negligence of traffic rules contributed to the rest. Under the doctrine of contributory negligence, what would be the ruling of the court hearing this case? A) Tim can recover $25,000 worth of damages from Ruggers and the rest from the dealership from which he purchased the motorcycle. B) Tim can recover $50,000 worth of damages from the motorcycle manufacturer. C) Tim can recover $50,000 worth of damages, plus any punitive damages that may be awarded by the jury. D) Tim cannot recover any damages from the motorcycle manufacturer.