In order to maximize the use of your money, you may want to delay payment of your bills slightly beyond their due dates

Indicate whether the statement is true or false.


Answer: FALSE

Business

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For proper matching of revenues and expenses, the estimated cost of fringe benefits must be recognized as anexpense of the period during which the employee earns the benefits

a. True b. False Indicate whether the statement is true or false

Business

With regard to the account size in determining whether to use an external agency or perform the work in-house, the following statements are true, except:

A) a small account is not usually attractive to a large agency B) if 75% of the money cannot be used to buy media time and space, it is better to perform the work in-house C) if the agency charges more than 25% of the money to design and create the ads, then the account is too small to use an external agency D) a small agency is not a viable choice, even for a small account, because the agency will lack the necessary resources to do the work

Business

Aron, a company manufacturing snack food and soft drinks, replicates its product taste and packaging from Lay's, a market leader in snack food industry. Later, it sells these imitated products on the black market. This is an example of ________

A) cloning B) imitating C) counterfeiting D) adapting E) innovating

Business

The growth of the Internet caused many traditional companies to ________ in response to customer demands and a changing marketplace

A) use traditional direct marketing forms B) adopt direct-mail marketing C) use omni-channel retailing D) develop retail transaction sites E) expand their outside sales forces

Business