To generate sales, Yakkity-Yak, Inc., uses phone solicitation. Under federal law, in soliciting business, Yakkity-Yak's telemarketers must
A. disclose all material facts related to a sale.
B. identify the seller's name (only if asked).
C. refrain from calling consumers who have not requested a call.
D. speak clearly and conspicuously.
Answer: A
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Which of the following is not part of the balance sheet approach when computing income tax expense?
a. Identifying at each balance sheet date all differences between the book basis of assets, liabilities, and tax loss carryforwards b. Eliminating permanent differences between book and tax basis. c. Eliminating deferred tax assets. d. Assessing the likelihood that the firm will realize the benefits of deferred tax assets in the future.
Which of the following statements is false?
a. Normal losses which can be associated with a particular job, are charged (net of disposal)to that job. b. A job order cost system may produce both normal and abnormal losses. c. Normal losses, which can be anticipated, are included as a part of predetermined overhead. d. Abnormal losses are treated as product costs.
Which statement regarding headings is most accurate?
A) Headings provide visual distraction for readers; thus they should be avoided. B) Headings appear most often in business letters. C) Headings highlight information and improve readability. D) Headings should be written in complete sentences.
Generally, promotion mixes for companies with extremely limited promotional budgets tend to concentrate on
A. advertising. B. publicity. C. sales promotions. D. personal selling. E. distributor incentives.