Which of the following statements is true about superagencies?
A. Advertisers who became disenchanted with the superagencies moved to smaller agencies that were flexible and more responsive.
B. They were formed so that agencies could provide clients with effective supply chain management.
C. Advertisers who generally worked with superagencies converted them into in-house agencies to gain greater flexibility and objectivity.
D. They were formed so that agencies could provide clients with just-in-time inventory management systems.
E. They were formed when large advertising agencies were broken down into smaller, more specialized agencies.
Answer: A
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Bowers Company plans to incur $190,000 of salaries expense and produce $320,000 of additional sales revenue if a capital project is implemented. Assuming a 30% tax rate, these two items collectively should appear in a capital budgeting analysis as:
A. a $39,000 outflow. B. a $91,000 outflow. C. a $91,000 inflow. D. a $39,000 inflow. E. None of the answers is correct.
A company reported net income of $225,000, net sales of $2,500,000, and average total assets of $2,100,000 for the current year. Calculate this company's profit margin, total asset turnover, and return on total assets.
What will be an ideal response?
A person with high practical intelligence is likely to have good
A) analytical skills. B) linguistic skills. C) common sense and street smarts. D) multiple intelligences.
The tendency of naive investors to buy high (after prices have risen for several periods) and sell low (after prices have dropped for several periods) can be explained by the behavioral tendency known as
A) anchoring. B) overconfidence. C) familiarity bias. D) loss aversion.