Lyall Electric, Inc., maintains a sales force for its small appliance customers and a separate sales force for its automotive customers. Lyall Electric utilizes a(n) ________ sales force structure
A) intensive
B) geographic
C) industry specialization
D) product
E) performance
C
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From the perspective of an account holder, a savings account is a liability with interest.
Answer the following statement true (T) or false (F)
Which of the following is not a feature of special journals?
A. They are efficient tools in helping journalize and post transactions. B. They allow posting of amounts as column totals rather than as individual amounts. C. They eliminate the need for a general journal. D. They are used for the most common transactions. E. They produce an efficient division of labor.
To ensure that the financial statements articulate, it is important that the change in the cash balance on the balance sheet each year agrees with
a. the cash collections from sales in the projected income statement. b. the cash provided by or used by operations on the projected statement of cash flows. c. the net change in cash on the projected statement of cash flows. d. the net change in working capital from period to period.
"The season for cherry blossoms is here with us and everybody is beginning to feel refreshed" is an appropriate beginning for a letter written by persons from which of the following countries?
a. France b. Germany c. Japan d. Latin America