Restaurants, personal computers, and airline travel all tend to have a demand that is
a. Price elastic
b. Price inelastic
c. Price volatile
d. Price subjective
a
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Executives at an automobile manufacturing company conducted a brainstorming session for selected employees. This session resulted in a large number of ideas for developing new cars after extensive R&D
The executives then planned to filter out the best ideas during the ________ stage. A) business analysis B) idea generation C) concept testing D) idea screening E) concept development
Tundra Co incurred research and development costs in 2014 as follows: Equipment acquired for use in various research and development projects ............................... $500,000 Depreciation on the above equipment .................. 67,500 Materials used ....................................... 100,000 Compensation costs of personnel ...................... 250,000 Outside consulting fees
.............................. 75,000 Indirect costs appropriately allocated ............... 125,000 The total research and development costs charged in Tundra's 2014 income statement should be a. $425,000. b. $542,500. c. $617,500. d. $925,000.
On December 2, 2014, Loofa Company, which operates a furniture rental business, traded in a used delivery truck with a carrying amount of $5,400 for a new delivery truck having a list price of $16,000 and paid a cash difference of $7,500 to the dealer. The used truck had a fair value of $6,000 on the date of the exchange. The exchange has commercial substance. At what amount should the new truck
be recorded on Loofa's books? a. $10,600 b. $12,900 c. $13,500 d. $16,000
Teresa Fallon sends a written proposal to a customer. In the proposal, she compares the specifications of her product and a competing product. If the information about the competing product is not true, she is using a form of defamation called:
A) business libel B) business slander C) product disparagement D) puffery E) bribery