In terms of the sales presentation, the ________ approach strives to discover customer needs during the first part of the sales presentation and then provides solutions to those needs during the second part of the sales call
A) mission-sharing
B) need-satisfaction
C) problem-solution
D) stimulus-response
B
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An increase in accounts receivable of $1,000 over the course of a year would be shown on the company's statement of cash flows prepared under the indirect method as:
A. a deduction from net income of $1,000 in order to arrive at net cash provided by operating activities. B. a deduction of $1,000 under financing activities. C. an addition of $1,000 under financing activities. D. an addition to net income of $1,000 in order to arrive at net cash provided by operating activities.
Which of the following is one of the integrity standards of management accountants?
A) Refraining from accepting hospitality gifts from coworkers B) Refraining from activities that the company does not actively endorse C) Avoiding actual or apparent conflicts of interest D) Avoiding only those conflicts of interest that occur between coworkers
Cost-volume-profit analysis is not appropriate for service businesses, as they do not have any direct manufacturing costs
Indicate whether the statement is true or false
Phil Bert's Nuthouse is preparing a new product, a blend of mixed nuts. The product must be at most 50 percent peanuts, must have more almonds than cashews, and must be at least 10 percent pecans. The blend will be sold in one-pound bags
Phil's goal is to mix the nuts in such a manner that all conditions are satisfied and the cost per bag is minimized. Peanuts cost $1 per pound. Cashews cost $3 per pound. Almonds cost $5 per pound and pecans cost $6 per pound. Formulate this problem as a linear program.