When a bank pays a check on which the drawer's signature is forged, generally the customer suffers the loss
Indicate whether the statement is true or false
False
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When preparing the flexible budget for factory overhead, variable costs may include all but the following:
a. insurance b. shop supplies c. electricity to run the machines d. repair costs
Cost behavior refers to the manner in which a cost changes as the related activity changes
Indicate whether the statement is true or false
Smell-O-Vision designed an invention to pump odors into movie theatres. It flopped, in spite of its innovativeness. What kind of new entry strategy was the company using to penetrate the market?
A. imitative B. adaptive C. differentiated D. pioneering
Allyson Brown is trying to develop a promotional mix for her firm's new product, a sophisticated modular sunporch designed for use all year. She reasons that because her product is complex and carries high financial risks for consumers, the mix should concentrate on personal selling.
Answer the following statement true (T) or false (F)