Which of the Following Is an Example of a Company

question 50

Multiple Choice

Which of the following is an example of a company using a house of brands approach?

• A) Honda has cars, motorcycles, and lawn mowers.
• B) Procter & Gamble has many brands including Crest and Swiffer.
• C) Canon makes cameras and copiers.
• D) Nike makes shoes, clothes, and gym bags.

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Definitions:

Sales Revenue

The total amount of money earned from goods and services sold before any expenses are subtracted.

Goodwill

An intangible asset that arises when a company acquires another business for a price higher than the fair value of its net identifiable assets and liabilities.

Cost Method

An accounting method used to value an investment, where the investment is recorded at its original cost without adjusting for market changes.

Consolidated Balance Sheet

A financial statement that combines the assets, liabilities, and equity of a parent company and its subsidiaries into one document.