Systems that allow firms to target profitable customers by assessing customer revenue and costs are called:
A. enterprise resource planning systems.
B. distribution chains.
C. cost of quality systems.
D. customer relationship management systems.
Answer: D
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Land is not depreciated because it
a. appreciates in value. b. does not have an established depreciable life. c. has a useful life that is limited to the period of time a company is in business. d. will provide future benefits for a company for an unlimited period of time.
Which advertising medium generally has circulation or market coverage that is limited to active shoppers?
a. radio b. weekly newspaper c. direct mail d. Yellow pages
High Step Shoes had annual revenues of $186,000, expenses of $104,200, and paid dividends of $18,400 during the current year. The retained earnings account before closing had a balance of $298,000. The Net Income for the year is:
A. $81,800 B. $361,400 C. $186,000 D. $63,400 E. $379,800
Henry was burning leaves in his backyard. One of the burning leaves was lifted by the wind into Emilio's yard next door. It landed on the lawn mower which exploded, setting fire to the wooden lawn furniture. Henry's best argument against liability would be:
A) that the leaf was not a substantial factor in causing the damage. B) res ipsa loquitur. C) that it was not foreseeable that the lawn mower would explode. D) that the damage was not caused by the leaf but by the gasoline.