Consumers are less likely to use price to judge the quality of a product when they ________
A) have never tried the product before
B) have little knowledge of the brand
C) have experience with the product
D) are shopping for luxury items
E) cannot physically examine the product
C
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Wages are paid every Friday for the 5-day work week. The month ended on Monday and no adjustment was recorded.
a. Assets and owner's equity overstated b. Assets and owner's equity understated c. Assets overstated and owner's equity understated d. Assets understated and owner's equity overstated e. Liabilities and owner's equity overstated f. Liabilities and owner's equity understated g. Liabilities overstated and owner's equity understated h. Liabilities understated and owner's equity overstated
Duty of ________ - requires directors and officers to subordinate their personal interests to the welfare of the corporation. Cases dealing w/ the loyalty typically involve one or more of the following: competing w/ the corporation, taking personal advantage of a corporate opportunity, having an interest that conflicts w/ that of the corporation, insider training, authorizing a corporate transaction that is detrimental to minority shareholders, selling control over the corporation.
Fill in the blank(s) with the appropriate word(s).