Answer the following statements true (T) or false (F)
Opinion is virtually unanimous that SFAC No. 5 on recognition and measurement is the low point of the conceptual framework.
ANSWER: T
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The documentation with the bank statement shows a debit memo for bank service charges. Based on this, what possible entry would be made in the company's accounts?
a. debit Miscellaneous Administrative Expense; credit Cash b. debit Cash; credit Other Income c. debit Cash; credit Accounts Payable d. debit Accounts Payable; credit Cash
Decisions made in each of the 4 Ps influence the other elements of the marketing mix
Indicate whether the statement is true or false
Perceived value and signaling value are often an important part of a successful differentiation strategy because
A. differentiation is all about selling products to sophisticated buyers. B. there are no other ways to differentiate a product. C. buyers seldom will pay for value they don't perceive, no matter how real the value of the differentiating extras may be. D. buyer satisfaction cannot be achieved until a product's value is promoted through clever ads. E. of the standardization of buyer needs and preferences.
Cavco Construction divests funds from its commercial property ventures to invest in gated community properties close to New York, signaling a change of strategy. Which of the following statements about Cavco is most likely true?
A. Cavco is merely fine-tuning its existing strategy to test efficiency. B. Cavco is marshalling resources to support a new strategic initiative. C. Cavco is hampering work climate conducive for good strategy execution. D. Cavco is impeding the efforts to proficiently execute the strategy. E. Cavco is focusing on activities that are a low priority in the strategy execution effort.