The technology that allows information on documents to be converted into machine-readable data through a scanner is called a(n):
a. OCR
b. MICR
c. bar code reader
d. Digitizer
A
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Which of the following is a correct fundamental accounting equation?
A) Assets + Liabilities = Equity B) Assets + Retained Earnings = Equity C) Assets + Equity = Liabilities D) Assets = Liabilities + Equity
The markup pricing approach is easy to implement and typically results in the highest profit for
the firm as it is free to fix the markup percentage. Indicate whether the statement is true or false
Roger's company will be raising the prices of its basic services, and Roger must write to customers to inform them of these increases. What is the most important thing he should do when writing this message?
A) Prove that all his competitors are raising prices too. B) Explain the reasons and hook the increase to benefits. C) Apologize to his customers. D) Promise a rate decrease in the future when the economy improves.
Which of the following is an appropriate response to a request for information?
A) Because your satisfaction is important to us, we will send you the information you expect. B) Our service technician carefully examined the list of questions you submitted. C) Reading the owner's manual or checking our easy-to-use website will provide the answers you seek. D) We are pleased to provide the information you requested. E) We have decided to provide the information you seek, due to your long association with our organization.