The manner of recognizing revenue on insurance contracts is unique for the insurance industry. In general, the duration of the contract governs the revenue recognition
Indicate whether the statement is true or false
T
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In periods of falling prices, LIFO will result in a higher ending inventory valuation than FIFO
Indicate whether the statement is true or false
Power Pro, a leading manufacturer of lawn and garden equipment, releases a new line of cordless, lightweight, electric weed trimmers. To boost sales, Power Pro issues a 50 percent off coupon to the first 100 buyers at all Home Depot stores in the Northeast. Which element of the promotion mix has Power Pro used in this scenario?
A) public relations B) crowdsourcing C) advertising D) sales promotion E) personal selling
A polycentric staffing policy
A. results in the company hiring local managers who are familiar with the home country of the IC and with its corporate culture, policies, and practices. B. involves human resources policies that are created at the regional level for the specific context in which the subsidiary operations operate. C. eliminates conflicts of loyalty between the host country and the employer. D. may confront the problem of having the best people pirated away by local firms or other IC subsidiaries.
Which of the following is a necessary condition for a contract to be considered valid?
A. It can be voided by both parties. B. It can be voided by one of the parties. C. It is enforceable by both parties. D. It is enforceable by at least one of the parties.