When a depreciable asset is sold, a tax gain or tax loss on disposal is calculated, based on the ________ of the asset at the time of disposal
A) book value only
B) market value only
C) difference in book and market values
D) difference in market value and salvage value
Answer: C
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The zone of tolerance for a service is the perceived economic benefits in relationship to the economic costs
Indicate whether the statement is true or false
The retailing concept is comprised of _____
a. price orientation, social responsibility, and competitive defensibility b. niche strategy, cost leadership, and market segmentation c. customer orientation, coordinated effort, value driven, and goal orientation d. short-run objectives, long-term strategy, implementable actions, and channel control
The cost of capital is a static concept and it is not affected by economic and firm-specific factors such as business risk and financial risk
Indicate whether the statement is true or false
What is enterprise resource planning?
A. A standardized set of activities that accomplish a specific task, such as processing a customer's order. B. A system that involves managing all aspects of a customer's relationship with an organization to increase customer loyalty and retention and an organization's profitability. C. A system that integrates all departments and functions throughout an organization into a single IT system so that employees can make decisions by viewing enterprise wide information on all business operations. D. The analysis and redesign of workflow within and between enterprises.