The percent of sales method for estimating bad debts uses only income statement account balances to estimate bad debts.
Answer the following statement true (T) or false (F)
True
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Which of the following statements is true about finding a legal conclusion?
A) Legal conclusions should generally be found before relevant information is determined. B) Legal conclusions should be based on analogies and ethical norms rather than statutes, whenever possible. C) The issue can be used as a helper in order to find a legal conclusion. D) One should begin with an analogy to justice and freedom in order to find a legal conclusion.
The Value Meal Deal at a fast food restaurant in that offers a sandwich, fries, and a drink for one price is an example of price bundling.
Answer the following statement true (T) or false (F)
Full-scale market tests
A. may provide competitors advance information about products. B. are not expensive, even when a full market picture is sought. C. should always be skipped when consumer preferences are clear. D. are unrealistic because they do not test the whole marketing mix. E. are used mostly for products having long lead times.