If two firms that were previously in competition with each other merge, the merger is called a:
a. vertical merger
b. complete merger
c. competition merger d. horizontal merger
e. final merger
d
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Which of the following statements is true of the transfer of a property by sale?
A. Exclusive rights to sell contracts entitle the broker for a commission only if he procures the buyer. B. Agreement between the seller and the buyer to purchase real property need not necessarily be in writing to be enforceable under the statute of frauds. C. Engagement of a real estate broker is a legal requirement for the sale of real property. D. Real estate sales contracts must be evidenced by a suitable writing signed by the party to be charged in order to be enforceable.
Consider the following budgets: (1) Direct materials (2) Income statement (3) Production (4) Cost of goods sold In what order should these budgets be prepared?
a. 2, 3, 1, 4 b. 3, 4, 1, 2 c. 1, 3, 4, 2 d. 3, 1, 4, 2
Which of the following generational groups account for a third of the U.S. population but half of all consumer spending?
A) Millennial B) Generation X C) Generation Z D) baby boomer E) Lost Generation
When the effective interest method of amortization is used for a bond premium, the amount of interest expense for an interest period is calculated by multiplying the
A) carrying value of the bonds at the beginning of the period by the face interest rate. B) face value of the bonds at the beginning of the period by the effective interest rate. C) carrying value of the bonds at the beginning of the period by the effective interest rate. D) face value of the bonds at the beginning of the period by the face interest rate.