Advertising

A. is also called sales promotion.
B. is the only form of mass selling.
C. involves direct spoken communication between sellers and potential customers.
D. is concerned with promotion using samples, coupons, and contests.
E. is any paid form of nonpersonal presentation of ideas, goods, or services by an identified sponsor.


Answer: E

Business

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A company that is introducing a new product has to choose between four different manufacturing methods, referred to as methods A, B, C and D

Depending on the demand for the product, they have forecasted different levels of expenses for the year (values are in thousands). The company has identified three possible states of nature for economic growth, and named them High, Medium, and low. Which alternative is best in accordance with an optimistic outlook? Which alternative is best according to a pessimist? High Medium Low Method A $450 $670 $780 Method B $950 $320 $200 Method C $375 $575 $775 Method D $800 $400 $300

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Expropriation is the: A) taking of private property by a country

B) development of tariffs for goods leaving the country. C) collection of a line of credit by property repossession. D) None of the above

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Which of the following accounts is NOT a nominal account?

A. Office Supplies B. Rent Revenue C. Salaries Expense D. Moriah Paige, Drawing

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