Apple Sold More Than 7 Million IPads Within Months of Launching

question 62

Multiple Choice

Apple sold more than 7 million iPads within months of launching the product.Prices for this product ranged from $499 to more than $800,and Apple had difficulty keeping up with the demand.Obviously,the _____ outweighed the _____ for this product.

• A) satisfaction; demand
• B) need; want
• C) consumption; need
• D) costs; benefits
• E) supply; demand

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Definitions:

Times Interest Earned Ratio

A financial ratio that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.

Inventory Turnover

A measure of how quickly a company sells its inventory within a given period, indicating the efficiency in managing and selling products.

Carrying Amount

The book value of an asset or liability; for assets, it's typically the original cost less any depreciation.

Face Value

The nominal value stated on a financial instrument, such as a bond or stock certificate, representing its legal value.