Feedback-based control systems measure outcomes and serve as a guide to corrective action.
Answer the following statement true (T) or false (F)
True
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The planning/control cycle has two planning steps. They are
A. (1) research planning, then (2) receive feedback. B. (1) make the plan, then (2) set it aside for a period of time. C. (1) make the plan, then (2) carry out the plan. D. (1) review previous plans, then (2) evaluate plans. E. (1) research planning, then(2) look for ways to cut costs.
Cause-related marketing involves donating a percentage of revenues to a specific cause based on the revenue occurring during the announced period of support
Indicate whether the statement is true or false
Redbird Company uses the indirect method to prepare its statement of cash flows. Using the following information, complete the worksheet for the year ended December 31, 2018.
- Net Income for the year ended December 31, 2018 was $49,000
- Depreciation expense for 2018 was $12,000
- During 2018, plant assets with a book value of $10,000 (cost $10,000 and accumulated depreciation $0) were sold for $14,000
- Plant assets were acquired for $52,000 cash
- Issued common stock for $28,000
- Issued long-term notes payable for $34,000
- Repaid long-term notes payable for $40,000
- Purchased treasury stock for 3,000
- Paid dividends of $10,000
Why is sales growth slow during the maturity stage in a product's life cycle?
A) The product is being adopted by the market. B) The product has been adopted by most potential buyers. C) The product's life has been extended. D) The product has just been introduced to the market.