Failure to record depreciation expense at the end of an accounting period results in
a. understated income.
b. understated assets.
c. overstated expenses.
d. overstated assets.
D
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If cost of goods sold does not equal the cost of merchandise purchased during the period, an adjustment must be made to correct the error
a. True b. False Indicate whether the statement is true or false
Effective CEOs know that employees tend to identify with, and become committed to, firms with effective leaders and, as a result, understand that ______.
a. other positive outcomes such as customer service and increased productivity can result b. the time spent on such efforts can block synergies from developing c. this identification can block the development of managers into leaders d. none of these
Which of the following would be best when giving a sales presentation to a prospect with a feeler personality?
A. Provide ample facts and data B. Be brief and to the point C. Use a formal outline D. Maintain a personal note E. Emphasize time limitations
For a home-based purchase of a furnace, the consumer decision process typically begins when
A. ten years have passed since the last purchase. B. the first cold day of winter sets in. C. a malfunction occurs in an older furnace. D. home heating commercials create product awareness. E. a furnace sale is advertised in coupon mailings.