Sometimes the recognition of revenue is accompanied by an increase in liabilities.

Answer the following statement true (T) or false (F)


False

Recognition of revenue increases equity, which cannot be accompanied by an increase in liabilities. It could, however, be accompanied by a decrease in liabilities as in a claims exchange transaction.

Business

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Safari Unlimited recently conducted national research to generate ideas for a new line of fatigues geared to women

The company uncovered a number of ideas about clothing and accessory preferences as well as important benefits such as built-in sunblock and durability. The Safari Unlimited product development team will most likely use ________ next to arrive at a realistic number of products for the new fatigues line. A) crowdsourcing B) idea screening C) concept testing D) concept development E) business analysis

Business

The ________ is a federal statute that prohibits age discrimination regarding employee benefits

A) Fair Employment Practices Agency (FEPA) B) Older Workers Benefit Protection Act (OWBPA) C) Age Discrimination in Employment Act (AEDA) D) Equal Employment Opportunity Commission (EEOC)

Business

In the typical consumer's financial life cycle, one difference between stage 2 and stage 3 is that in stage 3 you will earn more than you spend, whereas in stage 2 you will spend more than you earn

Indicate whether this statement is true or false.

Business

George was asked by an employee of a local do-it-yourself store to describe in detail his experiences in the store as he bought house paint, caulk, and brushes. He later learned several of his acquaintances had been asked to do the same thing. What research method was being used by the do-it-yourself store?

What will be an ideal response?

Business