Expenses, such as utilities, whose benefit is consumed by the passage of time rather than by the level of sales, are known as period costs

A property that has a net operating income of 18,000 and a value of 200,000 would have a rate of return (capitalization rate) of

A) 6% B) 8% C) 9% D) 10%

To comply with the SEC's overriding concern for investors, what are public relations practitioners allowed to do?

A) trade on insider information in unusual circumstances B) act only on public information when trading securities C) selectively provide historic stock information to investors D) can provide material information to celebrities before the general public