Marketers consider all of the following examples of new products EXCEPT which one?
a. the addition of an investment service to a company that once specialized in insurance
b. a new flavour of Jell-O gelatin
c. a new low-fat formulation for Campbell's soup
d. a 2008 model-year GE dishwasher with the same style, parts, and colour as the 2007 model
Ans: d. a 2008 model-year GE dishwasher with the same style, parts, and colour as the 2007 model
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Mary has a little scam most everywhere she goes. She sells by saying anything. Her buyers just have woes. Which of the following is true with regard to misrepresentation?
A) There are several remedies available in case law for an exaggerated claim made by Mary. B) If Mary induces the buyer to buy by making a misrepresentation that she honestly thought was true, the buyer has no remedy in law or in equity. C) A misrepresentation can be made about a term of a contract and result in an award of rescission and/or damages. D) In some types of misrepresentation there are no remedies available. E) For fraudulent misrepresentation, the buyer can be granted the equitable remedy of only rescission.
In the current year, Jensen had the following items: Salary-$50,000 Inheritance-25,000 Alimony from ex-spouse-12,000 Child support from ex-spouse-9,000 Capital loss on investment stock sale-(6,000) What is Jensen's AGI for the current year?
a) $84,000 b) $44,000 c) $62,000 d) $59,000