In most cases national and retail advertising is aimed at:
A. manufacturers.
B. final consumers.
C. wholesalers.
D. industrial users.
E. trade specialists.
Answer: B
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Land is purchased on credit. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and owners' equity increases. c. Liabilities increase and owners' equity decreases. d. Liabilities decrease and assets decrease.
In a job order costing system, the subsidiary ledger for the Work in Process Inventory account consists of
a. time cards. b. conversion cost cards. c. job order cost cards. d. product cost cards.
Article 3 of the Uniform Commercial Code (UCC) governs the use of negotiable instruments
Indicate whether the statement is true or false
A firm pursuing a best-cost provider strategy
A. tries to outcompete a low-cost provider by attracting buyers on the basis of charging the best price. B. tries to have the best cost (as compared to rivals) for each activity in the industry's value chain. C. seeks to deliver superior value to buyers by satisfying their expectations on key attributes and beating rivals in meeting customer expectations on price. D. seeks to be the low-cost provider in the largest and fastest growing (or best) market segment. E. seeks to achieve the best costs by using the best operating practices and incorporating the best features and attributes.