Refer to the Following Scenario to Answer the Questions Below

question 71

Multiple Choice

Refer to the following scenario to answer the questions below.
Travelocity.com is an online travel agency that advertises that users will get the best prices on airfare,hotels,and rental cars.Travelocity.com uses the "Roaming Gnome" in its television commercials,often in humorous situations.For example,a recent ad showed the gnome in Europe where he plugged an American appliance (i.e. ,hair dryer) into a socket and was shocked across the room.All that was shown of him when the smoke cleared was the top of his gnome hat down behind a chair.Viewers hear him say,"Am I going to die?"
-Most audience members who see this commercial remember the image of the "Roaming Gnome" being jolted across the room.This visual is known as a(n) ________.

• A)action point
• B)visual point
• C)key visual
• D)key frame
• E)primary frame

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Definitions:

Remote Contingent Liability

A potential liability that is considered unlikely to occur and thus is not recorded in financial statements but may be disclosed in the notes.

Disclose Only

A policy or requirement of revealing information without necessitating additional actions or changes based on the disclosure.

Note Issuance

The process of creating and distributing promissory notes, which are written promises to pay a specified sum of money at a future date.

Note Maturity

Note maturity is the date on which the principal amount of a promissory note, bond, or other debt instrument becomes due and payable.