A firm's prospective customers generally ________
A) purchase a firm's products without first obtaining information
B) count among an organization's stakeholders
C) do not respond well to consumer generated marketing
D) tend to be more brand conscious than existing customers
E) are an abstract concept of little importance to sales
B
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Answer the following statements true (T) or false (F)
SFAS No. 96 switched from the revenue-expense (matching) orientation of APB Opinion No. 11 to the asset-liability viewpoint.
Merchandise Inventory and Cost of Goods Sold appear ________
A) on the balance sheet and statement of retained earnings, respectively B) on the statement of retained earnings and income statement, respectively C) on the balance sheet and income statement, respectively D) on the income statement and statement of cash flows, respectively
Taussig Snow Removal's cost formula for its vehicle operating cost is $1,880 per month plus $394 per snow-day. For the month of February, the company planned for activity of 13 snow-days, but the actual level of activity was 14 snow-days. The actual vehicle operating cost for the month was $7,250. The activity variance for vehicle operating cost in February would be closest to:
A. $248 U B. $248 F C. $394 F D. $394 U
Medical knowledge is _________ every eight years.
Fill in the blank(s) with the appropriate word(s).