Which of the following is an example of unsought goods and services?
A) diamond necklace
B) rare coffee beans
C) Band-Aids
D) fur coat
E) acne cream
Answer: E
Explanation: E) Acne cream comes under unsought goods and services: those products consumers are not aware of or interested in.
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Delmont Fire Co purchased identical equipment having an estimated useful life of ten years. Wind Chime uses the straight-line depreciation method and Fire Hut uses the double-declining-balance method of depreciation. Assuming the two entities are similar in all other respects, which of the following statements is correct?
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)