To qualify a lead or inquiry, the supplier contacts the potential customer via direct mail, fax, e-mail, or telephone and asks a series of preliminary questions to confirm that the firm has significant sales and profit opportunity
Indicate whether the statement is true or false
True
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In testing the reasonableness of an account balance, if MUS sampling cannot be used because of its limitations, what is an alternative statistical method?
a. Attribute sampling. b. Classical variables sampling. c. Discovery sampling. d. All of the above.
Under the value-to-book model a firm will be valued below book value when
a. the ROCE is greater than RE b. the ROCE is equal to RE c. the ROCE is less than RE d. the firm's growth rate is above the industry average
The allowance method of handling bad debts violates the matching principle
Indicate whether the statement is true or false
Which of the following is not a critical element in a total quality management system?
a. employee involvement b. activity-based costing c. continuous improvement d. problem prevention emphasis