Weyerhaeuser is evaluating its complete product mix. It wishes to decrease some of its marketing expenditures and streamline its product offerings. Weyerhaeuser will most likely look at products in the ____ stage of the product life cycle as possibilities for elimination.
A. not yet developed
B. growth
C. introduction
D. maturity
E. decline
Answer: E
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Answer the following statement true (T) or false (F)
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Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1050. Fragmental collected the entire $8400 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragmental Co. on December 31 would be:
A. A debit to Cash and a credit to Rent Revenue for $8400. B. A debit to Unearned Rent and a credit to Rent Revenue for $5250. C. A debit to Rent Revenue and a credit to Cash for $3150. D. A debit to Unearned Rent and a credit to Rent Revenue for $3150. E. A debit to Rent Revenue and a credit to Unearned Rent for $3150.