The chief information officer (CIO) is responsible for the preparation of income statements and balance sheets
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Accountants and controllers are responsible for the preparation of income statements, balance sheets, and other financial reports.
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Which of the following criteria for market segmentation is least likely to enable successful segmentation?
A. It should be readily identifiable. B. It should be undifferentiated. C. It should be measurable. D. It should be of sufficient size. E. It should be reachable in terms of communication.
Which of the following is effective for gaining attention in an unsolicited sales message??
A) ?A request for action B) ?A startling announcement C) ?A long and detailed procedure D) ?An abundance of technical facts
Buyer enters a paint store and tells the clerk that she needs paint that will cover and stick to a
stucco wall. The seller tells her that brand X paint will do the trick. Buyer purchases brand X paint and paints her stucco wall, but three weeks later the paint peels off. This would be a breach of which kind of warranty? A) An express warranty B) Implied warranty of fitness for a particular purpose C) Implied warranty of no infringements D) Implied warranty of merchantability
Identify a true statement about a limited liability company (LLC).
A. A limited liability company (LLC) has a maximum of 100 stockholders (owners). B. A limited liability company (LLC) offers the limited personal liability associated with a corporation. C. A limited liability company (LLC) has only one type of stock (membership interest). D. A limited liability company (LLC) is taxed as a partnership, which means the stockholders are subject to double taxation. E. A limited liability company (LLC) is liable for the negligence, irresponsibility, or similar acts committed by any partner.