On a survey there is a question that asks whether someone lives in a house, apartment, or condominium. These three responses could be coded in a dummy variable using value 0, 1, and 2

Indicate whether the statement is true or false


FALSE

Business

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On July 15, 2018, Ellison Brothers Oil Company sold $5,000 of merchandise to S & G Company, on account. Ignore cost of goods sold. Ellison could not collect cash from S & G and wrote off the account on December 31, 2018. On November 4, 2019, S & G unexpectedly paid $5,000. Journalize the transactions on December 31, 2018 and November 4, 2019. (Ellison uses the allowance method.) Omit explanations

Business

Lack of self-confidence prevents some salespeople from asking for the order

Indicate whether the statement is true or false

Business

Discuss the phases of activity involved in the opportunity recognition process that lead to viable new venture opportunities. Explain how this is more than identifying ideas.

What will be an ideal response?

Business

Major credit reporting agencies must provide consumers with free copies of their own credit reports every six months

Indicate whether the statement is true or false

Business