The pro forma income statement for a cost reduction project:
A) will reflect a reduction in the sales of the firm.
B) will generally reflect no incremental sales.
C) has to be prepared reflecting the total sales and expenses of the entire firm.
D) cannot be prepared due to the lack of any project related sales.
E) will always reflect a negative project operating cash flow.
B) will generally reflect no incremental sales.
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Using identification IDs and passwords on a website for customers allow for each of the following benefits, except:
A) the customer can be greeted personally, by name B) provides data for a customer cluster analysis C) the content of the Web pages can be customized to fit the customer's past browsing behavior D) when an order is placed, the customer doesn't have to type in his/her address and credit card information
The ________ is always on the bottom level of the distribution channel
A) manufacturer B) retailer C) wholesaler D) end consumer
Which of the following budgets would be prepared by manufacturing companies but not merchandising companies?
A) Sales budget B) Cash receipts budget C) Production budget D) Selling and administrative expenses budget
Direct materials are not easily traced to a product.
Answer the following statement true (T) or false (F)