The user can depend on the accuracy of financial information when which of the following qualitative characteristics has been followed?
A) Relevance
B) Faithful representation
C) Understandability
D) Timeliness
B
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Typically, the largest expense to a manufacturing firm is cost of goods sold
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________ occurs when a seller states price savings that are not actually available to consumers
A) Comparative pricing B) Scanner fraud C) Deceptive pricing D) Market skimming E) Price collusion
Jakeel is a new sales representative with Sensations, Inc He attends a regional sales meeting, followed by a reception. He converses with three new sales people and an hour later forgets their names. This is an example of the following bad listening habit:
a. Faking attention: he pretends to listen but misses the message. b. Empathetic listening: he is unable to be objective because her emotions are in the way. c. Stereotyping: the speakers did not meet his standards, so he prejudged them. d. Failing to observe nonverbal aids: he does not take note of the body language of the sales reps.
Without mutual assent between the parties, there is no contract
Indicate whether the statement is true or false