The company's database of current, recent, and long-past customers as well as identified prospects comprises the ________ for direct-mail programs.
A. buyer directory
B. compiled list
C. mail-response list
D. house list
E. inquiry file
Answer: D
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Payne Company reported the following information for the current year: Sales$960,000? Average operating assets$460,000? Desired ROI 14?%Net income$66,000? The company's residual income was:
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