Which of the following statements about sales territories is INCORRECT?
A. Firms use sales territories to evaluate performance.
B. A sales territory typically contains potential customers.
C. Geographic boundaries define a sales territory.
D. A sales territory comprises a geographic area assigned to a salesperson.
E. A sales territory contains present customers.
Answer: C
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Land is not a depreciable asset, but the amount allocated to the building is subject to ______________
Fill in the blank(s) with correct word
Examples of the kinds of uncontrollable forces listed in the text are each of the following except
A. technological. B. economic. C. sociocultural. D. labor. E. marketing.
Which of the following is/are not true regarding the classification of redeemable preferred shares on the balance sheet?
a. The classification of redeemable preferred shares on the balance sheet depends on the conditions for redemption. b. If only the issuing firm has the option to redeem, then the preferred shares are part of its shareholders' equity. c. If the issuing firm must redeem the preferred shares (so-called "mandatory redemption"), either at a specified time or upon a specified condition certain to occur, the issuing firm treats the preferred shares as its shareholders' equity. d. If the preferred shareholders have the option to require redemption, then the preferred shares appear as a liability under U.S. GAAP. e. If the preferred shareholders have the option to require redemption, then the preferred shares appear as a liability under IFRS.
Which of the following is a reason for the growth of benefits as a method of employee compensation?
A. The legislation passed during the Great Depression was not conducive to benefits. B. People prefer a dollar in cash over a dollar's worth of any specific commodity. C. The tax treatment of benefits programs is less favorable for employees than the tax treatment of wages and salaries. D. Groups of employees can typically receive a cost advantage over individuals. E. Benefits are covered by wage and price controls.