Personal selling refers to people-to-people oral, written, or electronic communications that relate to the merits or experiences of purchasing or using products or services

Indicate whether the statement is true or false


FALSE

Business

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On July 1 . 2014, Martinez Manufacturing Co issued a five-year note payable with a face amount of $250,000 and an interest rate of 1 . percent. The terms of the note require Martinez to make five annual payments of $50,000 plus accrued interest, with the first payment due June 30, 2015 . With respect to the note, the current liabilities section of Martinez' December 31 . 2014, balance sheet

should include a. $12,500. b. $50,000. c. $62,500. d. $75,000.

Business

Eric Company reports its income from its investment in Kate Company under the equity method. Eric recognized income of $150,000 from its investment in Kate during the current year. No dividends were declared or paid by Kate during the year. Eric would show the $150,000 in its statement of cash flows for the current year prepared under the indirect method as

a. cash from investing activities. b. a reduction of the investment account. c. a deduction from net income in the operating activities section. d. a noncash activity.

Business

The specific identification inventory method is not practical for companies that sell many low-priced, high turnover items.

Answer the following statement true (T) or false (F)

Business

In the context of self-directed interventions, which of the following is true of learned optimism?

A. It is a secondary stress prevention activity. B. It begins with the definition of a focal role within the organizational context. C. It begins with identifying pessimistic thoughts and then distracting oneself from these thoughts. D. It is a characteristic of Type A personality.

Business