Explain how marketing is both a philosophy and a set of activities.
What will be an ideal response?
The first facet of marketing is its philosophy. This philosophy is an attitude, perspective, or management orientation that stresses the importance of customer satisfaction.
The second facet of marketing is the set of activities used to implement this philosophy. These activities include (but are not limited to) planning, pricing, promotion, distribution, selling, advertising, and inventory management.
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Tracing back to individual business events that have been aggregated into account balances is done by means of a(n):
A. electronic reference service B. general ledger account C. audit trail D. data dictionary
If you were to put $1,000 in the bank at 6% interest each year for the next 10 years, which table would you use to find the ending balance in your account?
A) Present value of $1 B) Future value of $1 C) Present value of an annuity of $1 D) Future value of an annuity of $1
Explain the purpose of the Competition Act.
What will be an ideal response?
Financial Accounting Standards Board (FASB) recognizes that it would be improper for all companies to use identical and restrictive accounting principles
Indicate whether the statement is true or false