The balanced scorecard approach complements measures of past performance with measures of the drivers of future performance
Indicate whether the statement is true or false
T
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If collection of accounts receivable is assured, then accounts receivable are considered to be cash equivalents
a. True b. False Indicate whether the statement is true or false
Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method?
A) an increase in inventory B) a decrease in accounts payable C) preferred dividends declared and paid D) a decrease in accounts receivable
Which of the following is NOT an error in data gathering?
a. Using samples that are too small b. Administering the survey to a small group of the population before conducting the actual survey c. Gathering too much information and then attempting to use all of it d. All of the above are errors.
You are the head of pricing strategy for your firm, and you are very excited about a new point-of-sale system that has just been installed in all your firm's retail outlets. The system is a state-of-the-art, real-time information system that captures the details of every sale made in your retail outlets. Now you will have up-to-the-minute data on sales volume trends and performances for your entire product line. You plan to use this data to set prices based on these volume trends. Which of the following bases for pricing are you intending to use?
A. Markup pricing B. Competition-based pricing C. Demand-based pricing D. Cost-based pricing E. Cost-plus pricing