Discussing the upsides and downsides of buying a Mac over a PC is known as a __________ presentation.
a. pro-con
b. compare-contrast
c. spatial
d. classification
b. compare-contrast
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Companies provide rewards to customers who buy often and in substantial amounts. These reward schemes are referred to as ________ programs
A) benefit B) frequency C) satisfaction D) profitability E) quality
Under the "procuring cause" rule, when the agent is the primary factor in a purchase, the agent ________.
A. is not entitled to compensation if the principal completes the purchase B. may be entitled to compensation only if he completes the sale C. is not entitled to compensation after termination of the agency relationship D. may be entitled to a commission regardless of who eventually completes the sale
When a job is completed in a service organization, the job costs are transferred to the
a. Work in Process Inventory account. b. Finished Goods Inventory account. c. Cost of Goods Sold account. d. Cost of Services account.
All of the following statements regarding the financial statement impact of inventory costing are true except.
A. When purchase prices are changing, the methods to assign inventory costs result in different amounts for cost of goods sold. B. Cost of goods sold on the income statement approximates current cost when LIFO is used. C. The weighted average method smooths out erratic changes in costs. D. Inventory on the balance sheet approximates current cost when FIFO is used. E. Selected costing method does not impact net income.