An advantage of keeping data in lists is that if you update a data value in one row of data in a list, other occurrences of the same data item in other rows will be automatically updated as well
Indicate whether the statement is true or false
FALSE
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Intangible assets are also called wasting assets
Indicate whether the statement is true or false
In the preparation of a statement of cash flows, adjustments to net income to reconcile net income to cash from operating activities include
a. dividends received. b. the difference between the purchase price and the resale price of treasury stock (assuming the cost method of accounting for treasury stock). c. amortization of organization cost. d. redemption premium on preferred stock redeemed during the period. e. All of these answer choices are correct.
Network (multilevel) marketing is different from traditional sales in that it:
A) creates a pyramid with the CEO at the top and the salespeople at the bottom B) eschews growth of the salesforce for a given product C) relies on an interconnected network of independent salespeople to sell the product directly D) focuses on paid advertising instead of word-of-mouth publicity E) allies itself with competing products and service providers
Answer the following statements true (T) or false (F)
1. Claim letters should detail both the problem and the actions required for satisfaction. 2. Positive responses to claims never need explanation. 3. An indirect approach in responses to inquiries should have reasons for denying the request followed by the refusal. 4. Most claim refusal letters should close with an apology.