For which of the following situations is an in-house sales force best suited?
A) long sales cycles B) introductory life cycle stage of product
C) short-term sales boosts D) unstable markets
A
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Calculate the marketing expense variance, if the actual marketing expense and marketing expenses estimated in the plan are $98,000 and $80,000, respectively. The actual percentage of sales is 15%
A) $27,000 B) $1,800 C) $2,700 D) $18,000 E) $270,000
Competitive distribution structures cannot differ in the same market
Indicate whether the statement is true or false
A low receivables turnover indicates that
A) few customers are defaulting on their debts. B) a large proportion of the company's sales are on credit. C) the company's inventory is moving very quickly. D) customers are making payments slowly.
Which of the following is not a requirement of the Sarbanes-Oxley Act?
A) Internal audit outsourcing can no longer be provided by a publicly-traded corporation's external auditors. B) All publicly traded corporations must have an internal audit function. C) All publicly traded corporations must provide internal controls over financial reporting that guarantees financial accuracy. D) The audit committee of a publicly traded corporation must report to the company's board of directors.