Prior period adjustments ________
A) always increase the beginning balance of retained earnings
B) are shown on the statement of retained earnings as corrections to the beginning balance
C) can be ignored because the financial statements have already been issued
D) must be recorded in the period in which the error occurred
B
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Describe the steps in the training and development process.
What will be an ideal response?
Which of the following does NOT have a 10 day cooling off period?
A) a door-to-door sale of a food processor B) the purchase of a fitness club membership C) a contract for dance lessons D) the purchase of a new house E) the purchase of a time share condominium
Product focused processes:
A) allow more customization, but are not very efficient. B) are desirable because resource needs increase slowly with the complexity of a process. C) are processes that are specialized for relatively few products or customer groups. D) apply only to service firms, not to manufacturers. E) are profitable because customers demand flexibility, not specialization.
Suppose that marketers at Procter & Gamble are trying to determine whether the use of free samples of Downy softener was the reason for a sales increase in a particular store. The type of research conducted to answer this question is
A. exploratory. B. descriptive. C. experimental. D. informal. E. qualitative.