Answer the following statements true (T) or false (F)
1. The primary reason that businesses keep their cash in a bank account is the ability to earn interest.
2. Cash is the most liquid asset reported on the balance sheet because it is the medium of exchange.
3. A signature card is a card that shows each authorized person's signature for a bank account.
4. As proof of the deposit transaction, a customer receives a canceled check from the bank.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
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Which of the following statements is true of the influence of customer characteristics on a company's channel strategy?
A) The need for multiple channel intermediaries decreases as the number of customers increases. B) The need for multiple channel intermediaries is high during the early stages of market development. C) The need for multiple channel intermediaries increases toward the last stages of market development. D) The technique of direct selling is one of the most cost-effective means of serving large-volume retailers.
The amount reported on the balance sheet throughout the life of a loan (that is, its carrying value) equals
a. the future value of the remaining cash flows discounted at the historical market interest rate. b. the present value of the remaining cash flows discounted at the historical market interest rate. c. the future value of the remaining cash flows discounted at the current market interest rate. d. the present value of the remaining cash flows discounted at the current market interest rate. e. the future value of the remaining cash flows discounted at the fair market interest rate.
Accounting reports are designed with the information needs of the users in mind
Indicate whether the statement is true or false
International entrepreneurship is the process of an entrepreneur conducting business activities across national boundaries.
Answer the following statement true (T) or false (F)