Mark is trying to sell a metal-bending machine to a manufacturing firm. He decides to talk to people inside the firm who have expertise in metal bending-who can then provide this information to the buying center. The people he is targeting are known as ________.
A. gatekeepers
B. users
C. initiators
D. influencers
E. aggregators
Answer: D
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Which of the following is not true for an operating segment according to U.S. GAAP?
A. Discrete financial information generated by the internal accounting system is available. B. The segment is regularly reviewed by a chief decision maker to make resource allocations. C. The segment recognizes revenues and incurs expenses. D. An organizational unit cannot be an operating segment if all of its operating transactions are only with other segments of the organization. E. The segment is regularly reviewed by a chief decision maker to assess performance decisions.
Karl Company accrued wages of $8850 that were earned by employees unpaid at the year-end. Assuming Karl uses reversing entries, which of the following entries correctly reverses the accrued wages at the beginning of the following year?
A. Debit Wages Payable $8850; credit Wages Expense $8850. B. Debit Wages Expense $8850; credit Cash $8850. C. Debit Wages Payable $8850; credit Cash $8850. D. Debit Cash $8850; credit Wages Expense $8850. E. Debit Wages Expense $8850; credit Wages Payable $8850.
Coupon bonds carry detachable individual coupons to be presented for payment when due
Indicate whether the statement is true or false
If the Ball Corp. writes down its inventory, its:
A. cost of goods sold will decrease. B. net income will increase. C. stockholders' equity will increase. D. current assets will decrease.