Companies can use demographic data to create profiles of current customers and identify new market opportunities.
Answer the following statement true (T) or false (F)
True
Companies that deal directly with consumers develop customer profiles based on demographic information and compare their profiles against those of competitors. Companies even create pictures of their "average" customer, highlighting key demographic data (age, gender, and ethnicity).
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Eliza Company discovered the following errors in 2016: · Ending inventory at December 31, 2015, was understated by $2,000. · Accrued expenses of $3,000 were not recorded at December 31, 2015. ? ? Eliza reported net income of $45,000 for the year 2015. What is the amount of the corrected net income (ignoring income taxes) for 2015?
A) $45,000 B) $40,000 C) $46,000 D) $44,000
If actual overhead is greater than applied overhead, the variance is called overapplied overhead
Indicate whether the statement is true or false
John issued a check to Mary who signed it as a blank endorsement. Mary lost the check. If someone finds it, he/she could
A) sign his/her name under Monica's and cash the check. B) write "for deposit only" under Monica's signature and deposit it to his/her account. C) do nothing; the check must be made payable to him/her before it can be cashed. D) do nothing; since he or she is neither a payer or payee.
An automobile manufacturer runs an advertisement proclaiming that one of its luxury cars has been the best-selling model in the United States for two straight years. This is an example of an ad using a(n) ________ appeal.
A. feature B. emotional C. product popularity D. news E. favorable price