The International Trade Administration is the major export promotion agency of the U.S. government
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements is true concerning external users of financial information?
a. External users need detailed records of the business to make informed decisions. b. External users are primarily responsible for the preparation of financial statements. c. External users rely on the financial statements to help make informed decisions. d. External users rely on management to tell them whether the company is a good investment
Unearned revenues are recorded by companies that
a. receive money in advance of the performance of a service. b. pay money at the time the performance of a service is complete. c. receive money at the time the performance of a service is complete. d. pay money in advance of the performance of a service.
A responsibility accounting system should include the revenues and costs under a division manager's control
Indicate whether the statement is true or false
The customer equity concept
A. focuses on earnings as well as sales. B. recognizes that customers are satisfied at a cost. It is basically an estimate of a firm's future earnings. C. encourages a manager to consider both the costs and the revenue from a marketing strategy. D. applies even to firms that pursue several different strategies. E. All of these are part of the customer equity concept.