A business plan should always be written before deciding to go forward with a startup business idea.

Answer the following statement true (T) or false (F)


False

Rationale: A business plan is not always needed as what matters is not writing a plan, but implementing it.

Business

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Making program changes, correcting errors in the programs, and adding enhancements to the programs is called systems development

Indicate whether the statement is true or false

Business

The cost of goods sold is

a. Purchases less beginning inventory plus ending inventory b. Reported on the balance sheet in the inventory account c. Goods available for sale less ending inventory d. Equal to the amount of inventory on hand at the end of the accounting period

Business

A document containing XBRL elements is called a(n):

A. XBRL Taxonomy. B. XBRL Style Sheet. C. XBRL Report. D. XBRL Instance Document.

Business

If a consumer's drive is strong and a satisfying product is near at hand, the consumer is likely to purchase the product at that time. If not, the consumer may store the need in memory or undertake ________

A) consumer ethnocentrism B) buyer's remorse C) a need recognition D) an information search E) cognitive dissonance

Business