It is important for a marketing manager to have strong accounting skills
Indicate whether the statement is true or false
FALSE
Explanation: Managers need to possess the technical skills specific to their discipline or department. Market analysis skills would be required for a marketing manager; however, strong accounting skills would not enable a marketing manager to fulfill the specific tasks of a marketing department. A basic understanding of accounting would be useful though.
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Mortgages may always be assumed without the consent of the lender
Indicate whether the statement is true or false
When Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive quarters, his manager asked him to resign. In the context of human resource planning, this scenario best illustrates _____ at Srastis.
A. employee selection B. negative leniency C. halo effect D. employee separation
Which of these statements is true with regards to the 2008-2009 financial crisis?
A) More than half of the people in the United States lost their jobs. B) The values of many homes were cut in half or more. C) The values of most investments declined by no more than 10%. D) Having a financial plan is of no help when economic conditions are as weak as they were during the crisis.
If the inventory shows an actual count of $550 and the perpetual inventory according to the records shows $521, the adjusting entry for the $29 would:
A) debit Cost of Goods Sold; debit Purchase Returns and Allowances. B) debit Cost of Goods Sold; credit Inventory. C) debit Inventory; credit Cost of Goods Sold. D) debit Inventory; credit Purchase Returns and Allowances.