One of the categories of products for which brand extension is especially logical is
A. licensed brands.
B. commodities.
C. generic goods.
D. generic services.
E. complementary goods.
Answer: E
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Utah Co sold merchandise to Big Sky Corp on December 1, 2014, for $9,000, and accepted a promissory note for payment in the same amount. The note has a term of 90 days and a stated interest rate of 8%. Utah's accounting period ends on December 31 . What amount should Utah recognize as interest revenue on December 31, 2014 (if a 360 day year is assumed)?
a. $ -0- b. $ 60 c. $120 d. $180
Professional organizations try to prescribe ethical behavior for members by creating:
A) ethics violations fines B) rules to cast out members who violate such rules C) examples of poor ethical behavior in other professions D) codes of ethical behavior E) examinations on ethics on which professionals must earn a grade of "C" or higher
Emerging public issues are both a risk and an opportunity.
Answer the following statement true (T) or false (F)
What happens when demand is elastic?
a. As price goes up, revenue goes down. b. As price goes down, revenue goes down. c. As price goes up, revenue goes up. d. As price goes up, revenue does not change.