Frequency of visits to established customers should generally be related to sales potential
Indicate whether the statement is true or false
TRUE
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Saying that "this car is the ultimate driving experience" is an example of puffery.
Answer the following statement true (T) or false (F)
Which statement is true about a company's choice of capitalization policy?
a. All assets with a useful life of more than one year must be capitalized. b. The company's policy must meet the minimum capitalization amounts established by GAAP. c. The company's policy is determined relative to materiality and the cost of maintaining asset records. d. The company may elect to capitalize operating expenses which exceed the minimum threshold for asset capitalization.
If the cost of materials is not a significant portion of the total product cost, the materials may be classified as part of factory overhead cost
Indicate whether the statement is true or false
Which of the following statements about the digital era is most accurate?
A) Twitter, podcasts, and wikis are part of the new user-centered virtual environment called Web 1.0. B) Internet users have the power to create Web content. C) Businesses are in complete control of their marketing. D) Everything posted online is fact checked.