Which of the following is true of advertising as a form of promotion?

A. makes use of nontraditional media
B. sponsor or advertiser not identified
C. low cost per contact
D. immediate feedback and capability to close sales
E. nonpaid form of promotion


Answer: C

Business

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Indicate whether the statement is true or false

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The entry to close the appropriate insurance account at the end of the accounting period is

A) debit Income Summary; credit Prepaid Insurance B) debit Prepaid Insurance; credit Income Summary C) debit Insurance Expense; credit Income Summary D) debit Income Summary; credit Insurance Expense

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