Answer the following statement(s) true (T) or false (F)
1. An answer should never be a put-down.
2. You should avoid pauses before answering questions.
3. Some members of the audience may ask you questions that you don’t like.
4. A question and answer session should not terminate without warning.
1. T
2. F
3. T
4. T
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There is a negative relationship between the length of time that a customer stays with a company and profit per customer.
Answer the following statement true (T) or false (F)
On May 1, Sellers Marketing Company received $1,500 from Franco Marcelli for a marketing campaign effective from May 1 of the current year to April 30 of the following year. The Cash receipt was recorded as unearned fees and at year-end on December 31, $1,000 of the fees had been earned. Assuming adjustments are only made at year-end, the adjusting entry on December 31 would be:
A. A debit to Fees Earned and a credit to Unearned Fees for $500. B. A debit to Unearned Fees and a credit to Cash for $500. C. A debit to Fees Earned and a credit to Cash for $500. D. A debit to Unearned Fees and a credit to Fees Earned for $1,000. E. A debit to Fees Earned and a credit to Cash for $1,000.
Walter was the president of JKL, Inc JKL intended to purchase Target Co JKL's intent was not
public information, and when it became public, Target's stock would increase significantly in value. Walter bought no stock himself, but told his best friend of JKL's plan, and his friend bought 1,000 shares of Target Co Ten months later, when the merger was publicly announced, the friend sold Target's stock and made a large profit. Several stockholders of Target sue Walter and his friend under the provisions of the Securities Acts. What results? A) The friend has violated no law, because this nonpublic information is not considered material. B) The friend has violated no law, since the friend is not an insider. C) Walter has violated no law, since Walter did not purchase any stock. D) Both Walter and his friend have violated Rule 10b-5. E) Both Walter and his friend have violated the Securities Act of 1933.
Most firms operate in monopolistic competition, where products and whole marketing mixes are not exactly the same.
Answer the following statement true (T) or false (F)