The last step in the accounting cycle is to
a. prepare a post-closing trial balance.
b. journalize and post closing entries.
c. prepare financial statements.
d. journalize and post adjusting entries.
A
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Although sexually-oriented advertisements attract attention, which is lower for ads using a sex appeal than for ads using some other type of appeal?
A) the interest level B) the level of physiological response C) brand recall D) the level of sexual arousal
Which of the following statements is not consistent with the marketing concept?
A) The focus of a business is not profits but customers. B) A business should have competitor focus. C) Customer needs should be served at all costs. D) A business need not serve unprofitable customer segments.
The purpose of accounting is to provide management information about a business to individuals, agencies, and organizations
Indicate whether the statement is true or false
Which of the following is true of punctuation marks at the end of quotations in a sentence?
A. Commas are always inside the closing quotation mark. B. Semicolons are inside or outside the closing quotation mark depending on the context of a sentence C. Periods are outside the closing quotation mark irrespective of the context of a sentence. D. Exclamation points are never placed inside the closing quotation mark.