The idea of using a short amount of time (less than one minute) to explain why your business is exciting and unique is commonly known as:

a. the fast pitch
b. the quick sell
c. the elevator pitch
d. the sales pitch


c. the elevator pitch

Business

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The supervisor is the best person to determine the existence of a "phantom employee" and should distribute paychecks

Indicate whether the statement is true or false

Business

On December 31, Carmack Company's Prepaid Insurance account had a balance before adjustment of $6,000. The insurance was purchased on July 1 of the same year for one year of insurance coverage, with coverage beginning on that date. The adjusting entry needed on December 31 is:

A. Debit Insurance Expense $3,000; credit Prepaid Insurance $3,000. B. Debit Prepaid Insurance $6,000; credit Cash $6,000. C. Debit Insurance Expense $6,000; credit Accounts Payable $6,000. D. Debit Cash $6,000; credit Prepaid Insurance $6,000. E. Debit Insurance Expense $3,000; credit Accounts Payable $3,000.

Business

A salesperson says, "Castrol GTX protects your car engine. It's like having a dust cover for your engine." The salesperson is using a(n):

A. parable. B. image. C. simile. D. metaphor. E. analogy.

Business

For the return on assets pricing method, desired earnings are computed by dividing asset costs by projected units to be produced and then multiplying by the desired rate of return on assets

Indicate whether the statement is true or false

Business