Why do companies exist?"

Question 17 options:

Companies exist because they provide a means of investment income for shareholders, who otherwise would be able to invest only in government securities.

Companies exist because they give college professors something to teach about.

Companies exist because they create value for customers in ways that customers are unable to replicate on their own.

Companies exist because they provide a tax base for government to draw upon in creating and maintaining public works projects.

Brand name and reputation is Apple Inc.'s on of the most effective tangible resource in achieving competitive advantage.

Question 21 options:

True

False

Which of the following statements is true of accounting data?

Question 23 options:

	Accounting data focus mainly on intangible assets, rather than tangible assets.
	Accounting data are historical data and thus backward-looking.
	Accounting data do not have to be adjusted in any manner to compare companies with different capital structures.
	Accounting data consider off-balance sheet items, such as pension obligations of a firm.