Which of the following is an impact of information technology on the buying process?
A. Traditional content marketing has increased.
B. Shipping times have reduced.
C. Overall cycle times have increased.
D. Presale services have reduced.
E. Time devoted to postsale services has reduced.
Answer: B
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The accounting concept that states expenses should be recognized in the same period with the revenues they helped to produce is the
a. contra-account principle. b. allowance method. c. matching principle. d. uncollectible accounts technique.
The government must pay when it exercises its right of eminent domain.
Answer the following statement true (T) or false (F)
Biological groupings are part of
a. ethnic classifications. b. race classifications. c. physical classifications. d. social classifications.
When the buyer bears the transportation charge, it is called freight-out
Indicate whether the statement is true or false