Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
7 Cards in this Set
- Front
- Back
|
79. Chris is allowed to purchase a reasonably priced notebook computer for graduation. He sees one in Best By for $999.99 and calls his parents to assure them he's spending 'less than a thousand." Both Chris and Best Buy are using to downplay the price of the computer.
A) cost-based pricing B) personal selling C) price fixing D) odd pricing |
D) Odd pricing
|
|
|
80. Madison owns an upscale accessory boutique and drastically reduced some earrings to make room for new inventory. When the earrings didn't sell in the "discount basket," she put them back on the shelf at regular price and they sold within a month. What is her customers' perception of price? A) Value-quality
B) Price-quality C) Price-prestige D) Prestige-quality |
B) Price quality
|
|
|
81. Professionals who are responsible for gathering, recording, reporting, and interpreting the financial information of an organization are
A) managers B) Staticians C) Accountants D) IRS agents |
C) Accountants
|
|
|
82. Ricardo is a loan officer for a bank and is reviewing the financial statements of a prospective borrower. As a user of accounting information, Ricardo is most interested in using this information____
A) to evaluate credit risk B) to make an investment decision C) in contract negotiations D) to plan and control |
A) Evaluate credit risk
|
|
|
83. Olga owns a business and is reviewing her company's current financial statements. As a user of accounting information, Olga is most interested in using this information to
A) evaluate credit risk B) approve new issues of stocks and bonds C) evaluate tax liabilities D) plan and control |
D) Plan and control
|
|
|
84. The natural progression of a business begins with
A) Financing B) investing C) operating D) selling |
A) Financing
|
|
|
85. ______ activities provide the necessary funds to start a business and to expand it after it begins operations.
A) Investing B)Financing C) Operating D) Selling |
B) Financing
|
