Which of the following statements is false regarding promissory notes?
a. They are sometimes used to extend past-due accounts.
b. They can be resold to banks.
c. They must be held by the maker until maturity.
d. They are often received upon the sale of machinery and automobiles.
C
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The normal operating cycle helps define which of the following balance sheet sections?
a. Intangible assets b. Current assets c. Property, plant, and equipment d. Stockholders' equity
Accounts Receivable is an asset that is considered nonmonetary in nature
Indicate whether the statement is true or false
All leveling techniques delay noncritical activities by using positive slack to smooth out the resource requirements.
Answer the following statement true (T) or false (F)
In spite of the advantages of global standardization, many firms find it necessary to
A. hire local personnel to implement the standardized marketing mix. B. modify the present mix or develop a new one for overseas markets. C. use the domestic marketing mix overseas. D. use different marketing mixes overseas, to save money.