A major advantage of mass selling is that the source-the seller-can get immediate feedback from the receiver.
Answer the following statement true (T) or false (F)
False
A major advantage of personal selling is that the seller can get immediate feedback from the receiver.
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Scranton Company expects to begin operating on July 1, Year 1. The company's master budget contained the following operating expense budget: JanuaryFebruaryMarchSalary expenses$36,000 $36,000 $36,000 Sales commissions, 5% of sales 30,000 32,000 24,000 Utilities 2,800 2,800 2,800 Depreciation on store equipment 1,000 1,000 1,000 Rent 7,200 7,200 7,200 Miscellaneous 1,800 1,800 1,800 Total operating expenses$78,800 $80,800 $72,800 Sales commissions are paid in cash in the month following the month in which the expense is recognized. All other expense items requiring cash payment are paid in the month in which they are recognized. The amount of commissions payable that would appear on the company's pro forma balance sheet as of September 30,
Year 1 is: A. $30,000. B. $36,000. C. $24,000. D. $32,000.
Which of the following facts would preclude a lessor from classifying a lease as a sales-type or direct financing lease?
A) The undiscounted sum of the minimum lease payments is 90% of the fair value of the leased property to the lessor. B) The collectability of the minimum lease payments is reasonably assured. C) The lease term is 90% of the estimated economic life of the leased property. D) No important uncertainties exist about non-reimbursable costs yet to be incurred by the lessor.
An important departure from traditional project management is that critical chain project management logic:
A) Changes from a late finish to an early start approach. B) Factors in the effects of resource contention. C) Adjusts expected activity durations to reflect a 95% probability of completion on time. D) Creates a separate safety margin for each activity in the project.
"It's a gray area," is an example of ethical analysis
Indicate whether the statement is true or false