If variable costs decrease, and all other factors remain the same, the margin of safety will become larger
Indicate whether the statement is true or false
TRUE
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The third step in financial statement analysis is to assess the quality of the firm's financial statements. Which of the following is a question an analyst should ask when performing this step?
a. Are industry sales growing rapidly or slowly? b. Do earnings include revenues that appear mismatched with the business model employed by the firm? c. Does the industry include a large number of firms selling similar products? d. What is the company's degree of geographical diversification?
The salesperson contacts the customer for the first time in the ________ step of the creative selling process
A) preapproach B) prospect C) approach D) presentation E) qualify
A company that uses a pull strategy is more likely to use personal selling than a company that markets a similar product using a push strategy
Indicate whether the statement is true or false
Which of the following statements is false regarding the identification of activities in activity-based costing (ABC)?
A) The identification of activities that drive overhead costs is done before cost drivers are selected. B) An activity can be thought of as a procedure or process that causes work to be accomplished. C) Overhead costs should not be traced to more than one activity. D) Because of different types of production processes and products, every business will have a different set of activities and cost drivers.