When does a company record its expenses?

A) when the company receives a bill
B) when the company pays a bill
C) when the company's supplier has put a bill in the mail
D) when the company decides to purchase something


A

Business

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Natalie transferred $500,000 of bonds to a revocable trust with directions to the trustee to pay income to her aunt for five years, after which the corpus is to be distributed to Natalie's niece. At year-end, the trustee paid $16,000 of income to the aunt. Which of the following is a true statement?

A. Natalie has not made a complete gift because the trust is revocable. B. Natalie has made a taxable gift of $16,000. C. Natalie has made a complete gift of $500,000. D. Natalie has made a taxable gift of $1,000. E. None of the choices are correct.

Business

A company is using ________ when it includes products targeted to specific customers, based on behavior patterns and inventory, in emails to those customers

A) life cycle marketing B) direct-response advertising C) mail ordering D) direct mailing E) dynamic imaging

Business

Purchasing agents derive much of their power within the buying center through which role?

A. initiator B. user C. gatekeeper D. decider E. influencer

Business

Using email, an individual can communicate around the world instantaneously. But in order to communicate via email, a person needs a unique ________.

A. email address B. telephone number C. street address D. ISP

Business