A strategy with a focus on high levels of customer service may lead to all of the following except:
a. Strong warranties and after-sale product support
b. Responsive distribution from decentralized facilities
c. On-time deliveries
d. Lower levels of product customization
d. Lower levels of product customization
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A company had net sales of $545,000 and cost of goods sold of $345,000. Its gross margin equals $890,000.
Answer the following statement true (T) or false (F)
In which of the following circumstances would an auditor be most likely to express an adverse opinion on a company's financial statements?
a. The client has had significant transactions with related entities that the auditor wants to emphasize. b. The financial statements are not in conformity with FASB requirements regarding the capitalization of leases. c. The auditor is not independent. d. There is substantial doubt about the entity's ability to continue as a going concern.
The conversion of nonparticipating preferred stock into common stock should be presented in a statement of cash flows as a(n)
a. operating activity. b. investing activity. c. financing activity. d. noncash exchange. e. None of these answers is correct.
Industrial property is itself divided into two categories: inventions and ________
A. trademarks B. pecuniary rights C. service marks D. artistic property