Answer the following statements true (T) or false (F)
A principle contains elements observable by empirical techniques.
ANSWER: F
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The issue of deciding when to record a transaction is solved by
a. properly classifying the transaction. b. deciding on a point of recognition. c. assigning historical cost to the transaction. d. analyzing the intent of management.
Which of the following is a limitation of the BCG matrix?
A) It doesn't help managers determine which SBUs need investment to grow. B) It doesn't help managers determine which SBUs should be dropped from the portfolio. C) It focuses on the future of the market rather than current conditions. D) It doesn't tell managers the best ways to make growth happen. E) It can't be used by corporations with multiple SBUs.
A patent is an exclusive right granted to its owner to manufacture and sell a patented item or to use a process for 20 years.
Answer the following statement true (T) or false (F)
You must deny a request for credit to an applicant who does not meet your company's requirements. Using a sentence such as "You are encouraged to make cash purchases" illustrates a
a. counterproposal. b. bait and switch technique. c. confirmation of priorities. d. consideration of eligibility.