According to the family life cycle, all of the following are identified as stages in consumer buying behavior except
a. nest building.
b. courting.
c. family traditions.
d. sole survivor.
ANSWER: c
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Which of the following is a condition which would not create a conducive situation for a client to take a physical inventory at an interim date before year end?
a. The control risk over inventory is high. b. The auditor will be able to review material transactions in the roll-forward period. c. The auditor can effectively test the year-end balance through a combination of analytical procedures and selective testing of transactions between the physical count and the year-end. d. The auditor reviews the intervening transactions for evidence of any manipulation or unusual activity.
A company introduced the Funday film to compete with lower-priced brands, but it found many of its regular customers buying Funday instead of the company's usual, higher-priced film. The company experienced ________
A) a brand contraction B) counterfeiting C) brand protection D) cannibalization E) a brand alliance
A party injured by fraud generally has the choice of suing for damages or rescinding the contract
a. True b. False Indicate whether the statement is true or false
Gateway sold a big-screen TV and entertainment center to Iris for $2000 on credit. Iris signed a promissory note and gave Gateway a security interest in the TV and entertainment center. Gateway filed a financing statement in the appropriate public
office. When Iris defaulted on her monthly payments owing a balance of $1780, Gateway's attorney made arrangements to have the TV and entertainment center repossessed. The attorney then placed classified ads in the local newspaper to sell the goods. The attorney's fees are $300, the repo company charged $150, and the advertising costs are $50. (A) If Iris chooses to redeem the property, how much must she pay to Gateway to recover the property? (B) If Iris does not redeem and the TV and entertainment center are sold for $1750, how will the money be disbursed?