Worldwide auction leader ebay started operations in japan just five months after yahoo! launched its japanese auction service. but ebay was never able to mount a credible threat and ended up pulling out of the market. this example shows that: a) online auction markets are characterized by constant shifts in market dominance. b) firms should always subsidize initial adoption of their products and make them cheaper than their competitor's products. c) national markets tend to be influenced by factors that are not necessarily localized. d) market dominance in the global marketplace translates to an equivalent position in national markets. e) it's imperative to move first in markets influenced by network effects.

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.

Which two of the following are benefits of consumer programs

Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund