Which of the following statements about the universal functions of marketing is FALSE?
A. These functions help to overcome discrepancies of quantity and assortment.
B. These functions do not have to be performed in all macro-marketing systems.
C. How the functions are performed may differ among nations and economic systems.
D. Who performs the functions may differ among nations and economic systems.
Answer: B
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Fees receivable would appear on the balance sheet as a(n)
A) asset B) liability C) fixed asset D) unearned revenue
To increase productive capacity, a company is considering a proposed new plant. Which of the following statements is CORRECT?
A. Since depreciation is a non-cash expense, the firm does not need to deal with depreciation when calculating the operating cash flows. B. When estimating the project's operating cash flows, it is important to include both opportunity costs and sunk costs, but the firm should ignore the cash flow effects of externalities since they are accounted for in the discounting process. C. Capital budgeting decisions should be based on before-tax cash flows. D. The cost of capital used to discount cash flows in a capital budgeting analysis should be calculated on a before-tax basis. E. In calculating the project's operating cash flows, the firm should not deduct financing costs such as interest expense, because financing costs are accounted for by discounting at the cost of capital. If interest were deducted when estimating cash flows, this would, in effect, "double count" it.
When generating sustainability strategies, an organization must give primacy to the expectations and requirements of its financial stakeholders.
Answer the following statement true (T) or false (F)
Accounts payable appear on which of the following statements?
A. Income statement. B. Statement of retained earnings. C. Statement of cash flows. D. Transaction statement. E. Balance sheet.