Marry thought her online dating service was nearly foolproof, but that was until her competitor came out with a new option that allowed online, real time video chatting. Can you identify the risk she has had?

Select one:

a. Injury to customer

b. Product/service obsolescence

c. Injury due to employment

d. Financial risk

Setting the price for an item relatively low and then charging much higher prices for the expendables it uses is called

Select one:

a. captive pricing.

b. premium pricing.

c. price lining.

d. price skimming.

The total cost of obtaining an asset, including such costs as purchase price, transportation, installation, testing, and calibrating in order to ready it for its first productive use is termed as

Select one:

a. acquisition cost.

b. replacement cost.

c. cost of operating.

d. cost of disposition.

The "going concern" concept states that

Select one:

a. the premise of revenue and expense are a part of business.

b. accounting information must be useful to the owners and managers of businesses.

c. a business has an existence that is separate from its owner.

d. a successful business will stay in business.

Taras yarn shop held a sidewalk carnival with games and prizes in front of her store with proceeds benefitting a local family who had lost everything in a fire. The local paper stopped by to take pictures and interview participants. The resulting story in the paper was a form of

Select one:

a. paid media.

b. earned media.

c. shared media.

d. owned media.