Read the following statements regarding strategic planning to determine which is not accurate.
A. Strategic planning helps ensure marketers will select the right marketing mix strategies.
B. Strategic planning is a one-time process completed when a firm outlines its objectives.
C. The strategic plan is shaped by the organization's mission.
D. Strategic planning can be used on a personal level to help accomplish goals.
E. Strategic planning can greatly increase the likelihood of success.
Answer: B
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a. Liability b. Asset c. Revenue d. Expense
Which of the following is true of accrued interest on bonds that are sold between interest dates?
a. It is computed at the effective market rate. b. It will be paid to the seller when the bonds mature. c. It is extra income to the buyer. d. None of these is true.
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Indicate whether the statement is true or false