Which of the following best describes the infant industry argument?
A) It states that small businesses that have just started to export are financially stable and seldom require financing from government agencies.
B) It states that protecting a country's emerging industries from international competition will enhance domestic companies' incentives to obtain knowledge to be competitive.
C) It states that a country's emerging industries need protection from international competition during their development until they become sufficiently competitive.
D) It states that domestic companies that are provided protection from international competition become more competitive and less reliant on protection.
C
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Morgan has a problem. Her date has been late the last three times to pick her up and this upsets her. Tonight her date is late again. What should she say?
A) "I can't believe you are late for the fourth time. This really upsets me! Why are you always so late?" B) Nothing, but when he asks, "What's wrong?" reply as coldly as possible "Nothing." C) "This is the fourth time you have been late. I want you to know how much this hurts me. Maybe the next time you should call from the car phone and let me know you are running late." D) "This is the fourth time you have been late. I want you to know how much this hurts me. I wonder if your mother knows how you disrespect me?"
The general ledger of the Flybird Corporation as of December 31 includes the following accounts: Organization costs ................................... $ 20,000 Deposits with advertising agency (will be used to promote goodwill) .................................. 32,000 Discount on bonds payable ............................ 60,000 Excess of cost over book value of net assets of acquired
subsidiary ................................ 280,000 Trademarks ........................................... 48,000 In the preparation of Flybird's balance sheet as of December 31 . what should be reported as total intangible assets? a. $68,000 b. $328,000 c. $368,000 d. $380,000