The following acronym refers to S.T.A.R.:
a. speaker, task, action, result
b. situation, task, achievement, result
c. speaker, task, achievement, result
d. situation, task, action, result
d. situation, task, action, result
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Answer the following statements true (T) or false (F)
SFAC No. 1 takes the position that users of financial statements must be assumed to be knowledgeable about financial information and reporting.
Notes to the financial statements are generally not useful
Indicate whether the statement is true or false
A firm is trying to determine which of two products it should launch. Product A has an expected life of three years. It will bring in cash flows of $11,000 in each of the three years. Product B has an expected life of two years. It will bring in cash flows of $15,500 in each of the two years. Assume a discount rate of 8%. Which product should the firm, based on NPV alone, select?
a. Product A b. Product B c. Product A and B are equivalent d. NPV for the products cannot be calculated with the information given.
Active listening consists of these three components
What will be an ideal response?