The introduction of a new flavor of Dr. Pepper is an example of a
A. practical innovation.
B. dynamic innovation.
C. continuous innovation.
D. trivial innovation.
E. discontinuous innovation.
Answer: C
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If a company hires honest employees, no internal control procedures are necessary
a. True b. False Indicate whether the statement is true or false
Barkley Inc's record keeping system incorporates the appropriate classification codes into the initial recording of transactions in the Cash account and then prepares the statement of cash flows. One can prepare the statement of cash flows by examining every transaction affecting the cash account, and classifying each as
a. a cash receipts, cash disbursements, or financing activity. b. an operating, investing, or financing activity. c. a cash receipts, cash disbursements, or investing activity. d. a cash receipts, cash disbursements, or operating activity. e. a cash receipts, cash disbursements, or exchange activity.
The cost of merchandise inventory is limited to the purchase price less any purchase discounts
Indicate whether the statement is true or false
________ is a disadvantage of secondary research, while ________ is a disadvantage of primary research.
A. Sophisticated training required to obtain it; potential bias B. Cost; outdated information C. Time required for collection; sources not original D. Potential bias; costliness E. Outdated information; information not relevant to data needs