Which of the following statements is NOT true of the effect of marital status, age, and the age of any children in the family on how people spend their income.
A. Only as children arrive and grow does family spending shift to soft goods and services.
B. Singles and young couples are more willing than older married people to try new products and brands.
C. Younger people usually earn more than older consumers but spend less on discretionary items.
D. Young families with children often make more purchases on credit and save less of their income.
Answer: C
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A study conducted by researchers at Google found that the most important component of an effective team was ______.
A. flexibility B. access to technology C. collaborative work spaces D. psychological safety
Mona is induced by her guardian Newt to sign a contract to invest her student loan funds in OmniBank through Newt's investment firm. Unknown to Mona, Newt realizes ongoing commissions from the investment. Most likely, Mona may A) not rescind the contract
B) rescind the contract on the basis of undue influence. C) rescind the contract on the basis of mistake. D) rescind the contract on the basis of unconscionability.
Starwatch Manufacturing sells a number of goods whose selling price is heavily influenced by cost. A recent study of product no. 520 revealed a traditionally-derived total cost of $1,623 and a selling price of $1,850 based on that figure. A newly computed activity-based total cost is $1,215. Which of the following statements is true?
A. All other things being equal, Starwatch should consider increasing its sales price. B. Starwatch should increase the product's selling price to maintain the same markup percentage. C. Product no. 520 could be labeled as being overcosted by Starwatch's traditional costing procedures. D. Generally speaking, the activity-based cost figure is "less accurate" than the traditionally-derived cost figure. E. If product no. 520 is undercosted by traditional accounting procedures, then all of Starwatch's other products must be undercosted as well.
Which person is most likely to act unethically?
A. Ronny, who is struggling financially and has a family to support B. Morris, who works in a company with a code of ethics C. Nitro, who puts his coworkers' needs above his own D. Falulah, who is new to the job and is just learning the ropes E. Alaine, who has an ethical manager