Which of the following does NOT create sales through presentations and probably never attempts to close a sale?
A. Account representative
B. Sales engineer
C. Order-taker
D. Detail salesperson
E. Industrial products salesperson
Answer: C
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If ending inventory on December 31 . 2014, is overstated by $40,000, what is the effect on net income for 2015?
a. Net income is overstated by $40,000. b. Net income is understated by $40,000. c. Net income is overstated by $80,000. d. The answer cannot be determined from the information given.
Many firms provide similar types of airline services with similar types of assets. They each received unqualified opinions from their independent auditors. Yet, Flash Airlines appears to apply its accounting principles more aggressively in income-enhancing ways relative to its competitors. The choices for Flash Airlines in applying generally accepted accounting principles under the accrual basis
of accounting include(s): a. depreciable lives for buildings and equipment. b. estimated uncollectibles for accounts receivable. c. estimated warranty costs. d. all of the above. e. none of the above.
Only the U.S. Department of Justice can prosecute violations of all of the antitrust laws
Indicate whether the statement is true or false
Unevenness in the production process, out-of-balance workflows, and uneven workloads are referred to as ______.
a. muri b. mura c. muda d. heijunka