Short-term debt is paid back
a. in six months.
b. in one year.
c. after sales.
d. over an indefinite period of time.
ANSWER: b
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Which of the following statements regarding leases is false?
a. Lease agreements are a popular form of financing the purchase of assets because leases do not require a large initial outlay of cash. b. Accounting recognizes two types of leases—operating and capital leases. c. If a lessor classifies a lease as a capital lease, then the lessee records a lease liability on its balance sheet. d. If a lease is classified as an operating lease, the lessee records a lease liability on its balance sheet.
Answer the following statements true (T) or false (F)
1) Smaller businesses invest in a periodic inventory system because of the ability to determine quantities of inventory on hand after each purchase and sale of merchandise inventory. 2) In a periodic inventory system, businesses must obtain a physical count of inventory to determine quantities on hand. 3) If a merchandiser uses the periodic inventory system, it is necessary to conduct a physical count of inventory to determine the quantity of inventory on hand. 4) In a periodic inventory system, purchases, purchase discounts, and purchase returns and allowances are recorded in the Merchandise Inventory account as and when they occur. 5) The Merchandise Inventory account is only used in a perpetual inventory system.
Which statement is not true about nonresponse issues in sampling?
A) Nonresponse error is one of the most significant problems in survey research. B) Response rates themselves do not indicate whether the respondents are representative of the original sample. C) For a given study, if the nonrespondents differ from the respondents on the characteristics of interests, the sample estimates will only be mildly biased. D) Increasing the response rate may not reduce nonresponse bias.
The last step in developing a positioning strategy is to ________
A) evaluate responses and modify as needed B) identify segmentation variables C) analyze the competitors' positions in the marketplace D) describe a product with a competitive advantage E) finalize the marketing mix