How can competence and due care best be described?
A) Competence refers to technical ability; due care refers to strictly following official
pronouncements of accounting principles.
B) Competence and due care both refer to ongoing technical training.
C) Competence is knowing what do; due care is doing it to the best of one's abilities.
D) Competence and due care both refer to the PA doing their best for their clients.
C) Competence is knowing what do; due care is doing it to the best of one's abilities.
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Generally, the financial statements of U.S. companies must be prepared based on GAAP.
Answer the following statement true (T) or false (F)
Calculate the net marketing contribution if the gross profit generated is $30 million and the total marketing and sales expenses is $15 million
A) $15 million B) $45 million C) $30 million D) $500,000 E) $2 million
Which of the following is typically true during the decline stage of the product life cycle?
A) Advertising expenses increase. B) Sales promotion efforts are increased. C) Public relations efforts are the promotional focus. D) Personal selling costs are increased. E) Spending on all elements of the promotion mix is reduced.
What is the significance of the Federal Acquisition Streamlining Act?
A. It mandates the process of delivering materials to a user at the time of production mandatory. B. It encourages the government to communicate with vendors with detailed paperwork rather than on-line. C. It makes it easier for small companies to bid on non-federal contracts. D. It urges government agencies to buy off-the-shelf goods rather than items made to its own specifications.