A firm that sends e-mail updates to customers about new products is engaging in personal selling
Indicate whether the statement is true or false
FALSE
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Which one of the following statements is false concerning the retail inventory method?
A) In arriving at a cost-to-retail ratio, sales discounts are deducted from goods available for sale to determine ending inventory at retail. B) Employee discounts are subtracted from goods available for sale to compute ending inventory at retail. C) Abnormal inventory spoilage would be subtracted at both cost and retail in the determination of goods available for sale. D) Purchase returns and allowances must be subtracted from both the cost and retail value of the purchases.
The lower-of-cost-or-market value (LCM) rule ________.
A) replaces the use of specific identification, FIFO, LIFO, or weighted-average inventory costing methods. B) violates the conservatism principle C) requires that merchandise inventory be reported in the financial statements at the lower of the historical cost or the selling price of the inventory D) is an accounting issue separate from applying an inventory costing method
The "Stop the Texts. Stop the Wrecks." campaign co-sponsored by the Ad Council and the National Highway Traffic Safety Administration is an example of a marketing offering for a(n) ________
A) product B) person C) idea D) place E) organization
What is the result in cell B8?
a) “Accept”
b) “Reject”
c) “Indifferent”