A company gives a two-year warranty for its product. The estimated liability for product warranties is a current liability
a. True
b. False
Indicate whether the statement is true or false
True
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All of the following accounts have normal credit balances except
a. Investments b. Common Stock (Capital Stock) c. Accounts payable d. Service Revenue
Branding is ________
A) all about creating unanimity between products B) the process of performing market research and selling products or services to customers C) endowing products and services with the power of a brand D) the process of comparing competing brands available in the market E) use of online interactive media to promote products and brands
In a(n) ________ structure, one seller controls a market
A) monopoly B) oligopoly C) monopolistic competition D) perfect competition E) natural competition
If no other form of business organization is chosen in a business operated by only one person, the business is by default a sole proprietorship
Indicate whether the statement is true or false