The confirmation of customers' accounts receivable rarely provides reliable evidence about the completeness assertion because:
A. many customers merely sign and return the confirmation without verifying its details.
B. customers may not be inclined to report understatement errors in their accounts.
C. recipients usually respond only if they disagree with the information on the request.
D. auditors typically select many accounts with low recorded balances to be confirmed.
Answer: B
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Match each term with the correct statement below.
a. wholesaling b. retailing c. agent d. broker e. contractual VMS f. corporate VMS g. administered VMS h. e-tailing i. order processing 1. The process of a marketing intermediary selling goods to other organizations, rather than the ultimate consumer. 2. The condition that exists when channel organizations are bound together through legal agreements. 3. The process of selling goods and services to customers over the Internet. 4. The process of selling goods and services to the ultimate consumer for personal use. 5. A marketing intermediary that negotiates contracts between the manufacturer and a third party, but never actually has legal title to the goods. 6. The element of physical distribution that focuses on the receipt and preparation of an order for shipment. 7. The condition that exists when channel members remain independent but are dominated by a single channel member.
Research conducted by HubSpot on social media presence universally suggests that it is "a must" for firms to have a presence on which social media platform?
A. Pinterest B. Twitter C. Instagram D. LinkedIn E. Facebook
Cheryl enters into a contract with Gabe. In this contract, Cheryl asks Gabe to pay the money he owes her from the contract to her friend Leah because Leah is having financial troubles. Leah is:
a. a third party creditor beneficiary. b. a third party donee beneficiary. c. a third party incidental beneficiary. d. the promisee in the contract.
Only a few types of property—a debtor's wages or bank account, for example—can be garnished
a. True b. False Indicate whether the statement is true or false