Assurance services improve the quality of information or its context for decision makers.
Answer the following statement true (T) or false (F)
True
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Notes Receivable due in 350 days appear on the
A) balance sheet in the current assets section B) balance sheet in the fixed assets section C) balance sheet in the current liabilities section D) income statement as an expense
Which of the following is the customer strategy that XFormation salespeople should use?
A) Understand all the training products they sell and how to customize a package for the customer. B) Examine how they can add value for customers so the customers will continue to contract with XFormation on a long-term basis. C) Give a presentation to the customer after planning out the objectives carefully ahead of time. D) Spend enough time with the customer that the salesperson lives and breathes the customer's business. E) Understand the customer's needs and what and how they need to buy.
The difference between the value that an activity generates and the cost of the activity is called margin.
Answer the following statement true (T) or false (F)
Which of the following statements is true regarding contracts made without legal capacity?
A) The contracts of people who have been adjudicated insane are voidable. B) People who lack capacity due to adjudicated insanity are not even liable for necessaries of life. C) The duties of restoration and restitution are affected by the type of incapacity suffered. D) The contracts of people who are minors, insane, or intoxicated are treated the same. E) The contracts of people who are insane, but not adjudicated insane, are void.