Which of the following BEST describes advertising expenditures in Canada?
a. They exceed $250 billion per year in the huge industry that employs over 3 million people.
b. They are dominated by the millions of small firms competing for business through price wars.
c. They are completely controlled by the top 10 marketing communication companies in Canada.
d. They are large, but the industry is small with fewer than 54,000 employees.
Ans: d. They are large, but the industry is small with fewer than 54,000 employees.
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Which of the following religions was not born in the Middle East?
A) Buddhism B) Christianity C) Judaism D) Islam
Bangin Inc. financed the purchase of a machine by making ten annual payments of $13,000 with the first payment due today. The purchase cost of the machine is considered to be the present value of those payments. What was the purchase cost of the machine to Bangin assuming a discount rate of 9%?
A) $59,633 B) $75,467 C) $83,429 D) $90,938