Children Younger Than 8 Years of Age Are Apt to Think

question 44

Multiple Choice

Children younger than 8 years of age are apt to think of television commercials as

• A) public service ads that are intended to be helpful and informative
• B) messages designed to persuade and sell products
• C) truthful and informative only if a celebrity is the product spokesman
• D) every bit as sleazy as the negative political ads they've seen on television

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Definitions:

Liabilities

Financial obligations or debts that a company owes to external parties.

Assets

Assets that a company possesses or has rights to, which are anticipated to bring in economic gains or advantages in the future.

Operating Cycle

The period it takes for a business to buy inventory, sell products or services, and collect cash from sales.

Current Liability

Financial obligations that are due to be paid within one year or within the normal operating cycle of a business.