Which of the following types of quotas is most likely to give extra incentives to sell higher priced items?
A) profit based quota
B) combination quota
C) sales volume based quota
D) market based quota
C
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Various techniques are used in the analysis of financial data to emphasize the comparative and relative importance of the data presented and to evaluate the position of the firm. Which of the following is not one of the techniques used in analysis?
a. Ratio analysis b. Common-size analysis c. Theory consistency d. Examination of relative size among firms e. Review of descriptive material
The first step in the accounting record-keeping process is recording each transaction in a file or other record in the form of a journal entry
Indicate whether the statement is true or false
The current ratio, also called the working capital ratio, is current assets divided by current liabilities
Indicate whether the statement is true or false
The purchaser's remedy for violation of Section 12 of the Securities Act of 1933 is to either
rescind the purchase or sue for damages. Indicate whether the statement is true or false