An "advance" is called that because
A. it is paid instead of royalties.
B. it is paid after there are royalties.
C. it is paid before there are royalties, though actual royalties are not reduced by the amount of the advance.
D. it is paid before there are royalties, but any royalties will be reduced by the amount of the advance.
Answer: D
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The Walt Disney Company is in a position to use a two-part tariff by charging for admission and also charging for rides inside its two theme parks, Disneyland and Disney World
Which of the following statements regarding Disney's pricing strategy is true? A) At one time, customers had to pay for admission and rides at Disneyland and Disney World. Disney has since changed its pricing policy; it earns higher profits by charging for rides but not for admission. B) At one time, fees for admission and rides at both parks were set at their profit-maximizing levels. Disney has since changed its pricing policy; it uses a cost-plus pricing strategy for admission and does not charge for rides. C) At one time, customers had to pay for admission and rides at Disneyland and Disney World. Disney has since changed its pricing policy; it earns higher profits by charging for admission but not for rides. D) At one time, admission fees were charged at both parks but all rides were free. Disney has since changed its pricing policy; it earns higher profits by charging for both admission and rides.
An example of an "investment" financial intermediary is
A) an insurance company. B) a private pension fund. C) a credit union. D) a mutual fund.
If 2010 is the base year in the table shown above, what is the price index for the year 2010?
A) 100.0 B) 121.3 C) 147.1 D) 141.7
The main difference between perfect competition and monopolistic competition is:
a. The number of sellers in the market b. The ease of entry and exit in the industry c. The degree of information about market price d. The degree of product differentiation e. Whether it is the short run or the long run