The characteristics of a product that a marketer offers are known as _____.
A. product facets
B. product features
C. product qualities
D. product visions
Answer: B
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Identify whether the following tests are substantive analytical procedures, tests of details of transactions, or tests of details of account balances:1) Test a sample of purchase requisitions for proper authorization.2) Test transactions around year-end to determine if they are recorded in the proper period.3) Review results of confirmation of selected accounts payable.4) Compare payables turnover to previous years' data.5) Obtain selected vendors' statements and reconcile to vendor accounts.6) Compare purchase returns and allowances as a percentage of revenue or cost of sales to industry data.
What will be an ideal response?
An application that distributes data to authorized users and manipulates data to create useful information from established data sources is called a:
A) data analysis and presentation application. B) data capture application. C) data transfer application. D) disposable application.
In describing numerical data, the data is usually best described by the mean because it is not affected by outliers
Indicate whether the statement is true or false
The New Products Division of Testar Company, has developed a potential new product that would require $8,500,000 in operating assets and would be expected to provide $1,400,000 in operating income each year. Testar has set a target return on investment (ROI) of 16% for each of its divisions. Which of the following statements is accurate?
A. The new product will yield residual income of $45,000. B. The new product will decrease the company wide ROI. C. The new product is acceptable because it will yield an ROI that is higher than the target ROI and will yield residual income of $40,000. D. The new product is unacceptable because it will yield an ROI that is lower than the target ROI.