Brand ________ is the added value endowed to products and services
A) loyalty
B) equity
C) preference
D) identity
E) licensing
B
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King Sales sells a certain product for $20,000. Included in this price is an implied service-type warranty of $600. Fifty machines were sold in 2016. Warranty expense incurred during 2016 amounted to $35,000. Which of the following entries would King Sales probably not make in 2016?
A) ?Unearned Warranty Revenue 35,000Warranty Revenue 35,000 B) ?Cash 1,000,000Sales 970,000Unearned Warranty Revenue 30,000 C) ?Cash 30,000Warranty Revenue 30,000 D) ?Warranty Expense 35,000Cash (or other assets) 35,000
In the essay, Work Matters, by law professor Marion Crain, all of the following are the result of working except:
a. People become self-sufficient. b. People become more engaged in the democratic process. c. People become more engaged in society and social issues. d. People stay out of jail.
Section 404 of the Sarbanes-Oxley Act, Management Assessment of Internal Controls, includes all of the following except:
A. a waiver of auditor responsibility for assessing management's report on internal controls. B. an assessment of the effectiveness of procedures for financial reporting by management. C. a statement of management's responsibility for establishing the internal control structure. D. an assessment of the effectiveness of internal controls by management. E. a requirement that management include in its annual report an internal control report.
In their approximate form, PPP, IRP, and forward rates as an unbiased predictor of the future spot rate lead to similar forecasts of the future spot rate
Indicate whether the statement is true or false.