The product was developed by gathering focus groups of mothers and asking them what they need and what they wish normal planners offered them. This method of product development most likely:
A) is costly and inefficient
B) is performed by the marketing department
C) subscribes to the marketing concept
D) reduces the barriers to purchasing
E) is a method developed in the last decade
C
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Recent accounting scandals have raised concerns over the quality and transparency of financial accounting and reporting in the United States. Critics of what is termed the "rules-based" system currently used in the U.S. cite the increasingly detailed
and complex nature of rule-driven accounting pronouncements. These critics suggest that the United States should adopt a principles-based system similar to that of the International Accounting Standards Board. Explain what is meant by a principles-based system and the advantages and disadvantages of such a system.
The MD and A for governmental entities does not have to include:
a. an analysis of balances and transactions of individual funds. b. a description of significant capital asset and long-term debt activity during the year. c. an analysis of the overall financial position and results of operations. d. a reconciliation of the difference between fund balances computed on an accrual basis with the balances computed on a cash basis.
Which of following statements is false?
A) A preexisting conditions clause can make it easy for you to change insurers. B) A coinsurance clause may require that you pay a specified percent of you medical expenses. C) If your coverage is guaranteed renewable, your coverage will continue as long as you pay your premiums. D) A comprehensive health insurance policy can limit the total amount paid out under the policy.
On a work sheet, if the Debit total exceeds the Credit total of the Income Statement columns, a net loss is indicated.
Answer the following statement true (T) or false (F)