A personal service corporation must use a calendar year, and is not permitted to use a fiscal year

a. True
b. False
Indicate whether the statement is true or false


False
RATIONALE: As a general rule, a personal service corporation (PSC) must use a calendar year. However, under certain circumstances (e.g., business purpose exception, ยง 444 election) a PSC may use a fiscal year.

Business

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The B/AR/CR system supports the repetitive work routines of the credit department, the cashier, and the accounts receivable department

Indicate whether the statement is true or false

Business

The ________ is the criterion by which the success or failure of the strategy is measured

A) customer targets B) competitor targets C) objective D) marketing mix

Business

Some companies measure the total cost of operating a service desk over a given period divided by the total number of units supported during that period. This is known as cost per unit.

Answer the following statement true (T) or false (F)

Business

The cosmetics industry in the district of Dunkenburg has many competing companies that sell personal care products. However, each company manufactures products that correspond to different income groups, and these products have different uses. The market structure of the cosmetics industry in Dunkenburg exemplifies _____.

A. pure competition B. monopoly C. monopolistic competition D. oligopoly

Business