Harambe Zoo Decides to Run a Promotion Offering Commemorative Gorilla

question 1

Multiple Choice

Harambe Zoo decides to run a promotion offering commemorative gorilla coins with every purchase of a pair of entry tickets. Much to their horror, they soon learn that purchase tax will be imposed on the coins since visitors are deemed to have entered a contract of sale of the coins. The Zoo contends that the coins are meant as gifts and are thus exempt from the tax. Will their argument succeed?

• A) Yes, since a reasonable person who visited the zoo would not have intended to be bound by a contract.
• B) No, because the offer of free coins can properly be regarded as a business matter.
• C) No, since the visitors to the zoo were not bona fide purchasers for value of the coins.
• D) None of the options provided are correct.

Analyze the financial impacts of cost-cutting proposals and the effects on sales and costs.

Identify relevant costs for project evaluation, including copier replacement considerations.

Understand the computation and impact of changes in net working capital on project valuation.

Comprehend the effects of corporate tax rates on depreciation tax shields and project valuations.

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Definitions:

Principles Of Persuasion

Fundamental strategies identified by psychology to influence people's attitudes, beliefs, or behaviors, including reciprocation, consistency, social proof, liking, authority, and scarcity.

Television Commercial

A form of advertising broadcast on television, using short and engaging visuals and narratives to promote products, services, or messages.

Advertisers

Individuals or companies that promote or announce products, services, or events to the public to enhance sales or attendance.

Stereotype

A generalized belief or assumption about the characteristics, attributes, and behaviors of a group or category of people.