The demand for automobiles would be considered as independent demand
Indicate whether the statement is true or false
TRUE
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Which of the following is not a circumstance indicating potential impairment of intangible assets?
a. A change in circumstances, such as the legal environment or business climate that could affect the asset's value. b. An accumulation of costs that are significantly in excess of the amount originally expected to be needed to acquire or construct the asset. c. The asset generates just as much cash flow as in the past. d. Losses or projections indicating continuing losses associated with an asset used to generate revenue.
Which of the following is not a condition required by the SEC for the recognition of revenue?
a. Delivery of goods or rendering of services b. Transfer of cash from the buyer to the seller c. Fixed or determinable price d. Existence of an arrangement
How could the sales representative use CRM technology to pinpoint companies that might have more untapped buyers?
A) Compare the names of the contacts for each company in the CRM to the names on the invoices paid by the companies. B) Run a pipeline report to see how many potential sales could close within the next 60 days. C) Run a pipeline report for this year and then one for the same month a year ago to compare numbers of prospects at each stage in the pipeline. D) Look at the task list to see if there are prospects to be called that salespeople have missed. E) Analyze sales reports in terms of company populations to find sales that are too small to be the entire company and may just be one department.
What is an example of an interactive control?
a. Limits on spending authority at a managerial level b. Stated organizational values c. Sales data based on changed selling efforts d. Market intelligence data