New product development for many industries has been impacted by ______.
a. global competition
b. the nuclear pact with Iran
c. the emergence of ISIS
d. the increase in terrorist attacks
a. global competition
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The primary difference between positive and negative confirmations used in the audit of accounts receivable is which of the following?
a. The mode of response. b. The amount of information included. c. The control of the confirmation process by the auditor. d. The method in which accounts are selected for confirmation.
Answer the following statements true (T) or false (F)
1. As long as the same person deposits customer checks and makes the journal entry to customer accounts, there will be good internal control over cash receipts. 2. A basic procedure of internal control over cash receipts is that the deposit of the cash and the recording of the receipts into the journal should be separated. 3. When a lock-box system is used, a bank employee empties the box daily and records the deposits in the company's journal. 4. When a lock-box system is used, customers send their checks to a post office box that belongs to a bank.
A marketing strategy in which the firm focused on efficient processes and production to create quality products and reduce unit costs was referred to as the
A. marketing concept era. B. relationship marketing era. C. customer orientation era. D. sales orientation era. E. production orientation era.
Any capital budgeting decision should depend solely on a project's forecasted cash flows and the firm's opportunity rate of return. Such a decision should not be affected by managers' tastes, the choice of accounting method, or the profitability of other independent projects.
Answer the following statement true (T) or false (F)