Index mutual funds tend to have lower expenses than other types of mutual funds

Indicate whether the statement is true or false.


Answer: TRUE

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The documentation with the bank statement shows a debit memo for bank service charges. Based on this, what possible entry would be made in the company's accounts?

a. debit Miscellaneous Administrative Expense; credit Cash b. debit Cash; credit Other Income c. debit Cash; credit Accounts Payable d. debit Accounts Payable; credit Cash

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______ to another can help the other come to know you, understand you, and realize that he or she must also take a risk if a relationship based on mutual trust is to be developed.

Fill in the blank(s) with the appropriate word(s).

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Salvage value is not the same as

a. carrying value. b. residual value. c. disposal value. d. scrap value.

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All of the following are disadvantages of team selling EXCEPT ________

A) selling teams can be confusing and overwhelming for customers B) salespeople who are used to having customers all to themselves may have trouble learning to work with and trust others on a team C) team selling reduces the overall efficiency of the selling process D) individual contributions and compensations can be difficult to assess in team selling E) team selling discourages individual contributors because the team receives credit for good performance

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