Mass customization enables manufacturers to create specific products for each customer based on the customer's exact needs
Indicate whether the statement is true or false
TRUE
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The business marketer normally deals with far fewer but far larger buyers than the consumer marketer does
Indicate whether the statement is true or false
Which of the following is correct regarding Government Trust Accounting?
A. Trust funds accounted for in a permanent fund use accrual accounting. B. The journal entry to establish a permanent fund would include a credit to Restricted Fund Balance. C. If a trust is to benefit individuals, private organizations, or other governments, it may be accounted for in a permanent or special revenue fund, depending upon whether the principal must be maintained. D. If a trust is to benefit individuals, private organizations, or other governments, it should be accounted for in a private-purpose trust fund.
Using the random number table 14.3 in your text, column 1, reading across row 6, what is the average length of the next five contracts?
A) 4.6 B) 4.4 C) 4.2 D) 4.0
Tanner is the accountant for Cheatam and Sons Co For many years he has kept two sets of books, one with real figures and another with figures he uses when the IRS audits. When Tanner, while working on Cheatam's books, is arrested for fraud, what will happen to the books?
A) They are privileged communications and therefore inadmissible as evidence against Tanner. B) They are protected by the Fifth Amendment and therefore are inadmissible. C) They may be admitted as evidence since the Fifth Amendment does not protect business records. D) They may be admitted as evidence only if Tanner consented to a search of his offices.