Because the advertising, sales, and sales promotion managers all have similar outlooks and experiences, they usually work together very well to develop the right promotion blend.
Answer the following statement true (T) or false (F)
False
Although many specialists may be involved in planning for and implementing specific promotion methods, determining the blend of promotion methods is a strategy decision and it is the responsibility of the marketing manager.
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When dividends from an investment are recognized as a reduction of the investment account, the investment must have been of which type?
a. Minority, Passive Investment b. Majority, Passive Investment c. Majority, Active Investment d. Minority, Active Investment
Which of the following is NOT a difference between the percentage-of completion and completed-contract methods of accounting for long-term construction contracts?
a. They report different amounts for inventory during the construction period. b. They report different amounts for progress billings during the construction period. c. They cause a different cash inflow during the construction period. d. They report different amounts for accounts receivable during the construction period.
One of the four general criteria for a capital lease specifies that the lease term be equal to or greater than
a. the estimated economic life of the property. b. 90 percent of the estimated economic life of the property. c. 75 percent of the estimated economic life of the property. d. 50 percent of the estimated economic life of the property.
Which of the following statements regarding capital expenditures is incorrect?
A) Capital expenditures are purchases of long-term assets. B) The decision to purchase long-term assets is part of a strategic plan. C) Capital expenditures include delivery trucks, computer systems, and manufacturing equipment. D) Installment payments related to the purchase of long-term assets are included in the capital expenditures budget.