When a buyer agrees to purchase all the goods produced by a seller, it is called an output contract
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements is not an advantage of online focus groups?
A) The researcher can reach segments that are usually hard to survey. B) Researchers can re-contact group participants at a later date. C) The cost of the online focus group is much less. D) Only people that have and know how to use a computer can participate.
Dover Enterprises has two products, Chalk V and Alabaster X, that come from a joint process, blending. Alabaster X undergoes additional curing after the split-off before it can be sold. The entry to account for the movement of products from the blending department is:
a. Debit - Finished Goods Credit - Work in Process - Blending b. Debit - Finished Goods Debit - Work in Process - Curing Credit - Work in Process - Blending c. Debit - Work in Process - Curing Credit - Work in Process - Blending d. Debit - Work in Process - Curing Credit - Factory Overhead
When bonds are called for retirement, any excess of the bonds' call price over the bonds' carrying value is reported as a gain on the income statement
Indicate whether the statement is true or false
Southern Security makes safes for storing valuables. When Ed sold safes for the company, he sometimes told a prospect, "The model safe you are looking at is on sale this week. If you wait until next week to buy, you will spend $100 more
" When Ed used this approach, he was using the ________ close. A) canned B) standing-room-only C) assumptive D) minor points E) stimulus-response