Which of the following statements about organizational markets is NOT true?
A) Some consumers are included in the market.
B) The size of purchases made in organizational markets is much larger than those made in consumer markets.
C) Organizational markets are geographically concentrated.
D) Organizational markets have a narrow customer base and a small number of buyers.
E) Most demand for organizational products is derived and inelastic.
A
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Organizations should reconcile their ______________________________ on a regular basis to ensure that valid deposits are recorded correctly
Fill in the blank(s) with correct word
At the end of the Year 2 accounting period, DeYoung Company determined that the market value of its inventory was $79,800. The historical cost of this inventory was $81,400. DeFazio uses the perpetual inventory method. Assuming the amount is material, how will the entry necessary to reduce the inventory to the lower of cost or market affect the elements of the company's financial statements?
A. Decrease total assets, gross margin, and net income B. Decrease total assets and net income C. Increase total assets and net income D. Decrease total assets and gross margin
________ is a written statement of what a salesperson is expected to do.
A. The terms of employment B. A covering letter C. The conditions of service D. A job description E. A disclaimer
What element of a contract refers to the parties involved being "adults of sound mind"?
A)Consideration B)Capacity C)Consent D)Legality