Which of the following is not a characteristic of an infomercial?
a. a duration of under 5 minutes
b. a program-length commercial
c. use of fringe times
d. use of cable or broadcast television
a
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Identify the correct statement regarding consideration.
A. As a general rule, performing or agreeing to perform a preexisting duty is consideration. B. When new consideration is provided to support a modification, it is unenforceable. C. A promisor's promise not to commit a crime or a tort can never be consideration. D. A promise by public officials to perform their official duties is always a consideration.
Which of the following provides a key in analyzing short-term business decisions?
A) focus on costs that do not change under two alternatives and on historic costs B) focus on qualitative data only and ignore future cash flows C) focus on sunk costs and quantitative data D) focus on relevant costs and use the contribution margin approach
The states and the Securities and Exchange Commission jointly created a simplified securities registration process for large businesses.
Answer the following statement true (T) or false (F)
The future value of $100 received today and deposited in an account for four years paying semiannual interest of 6 percent is ________
A) $450 B) $127 C) $889 D) $134