A marketing plan can serve as a stand-alone document or be part of an overall business plan.

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


True

Business

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An identifiable intangible asset that has a finite life is not amortized but is periodically reviewed for impairment

Indicate whether the statement is true or false

Business

On November 1 of the current year, Salinger Company paid $9,600 cash for a one-year insurance policy that took effect on that day. On the date of the payment, Salinger recorded the following entry: Nov. 01 Insurance Expense..……………………….. 9,600Cash………………….……………...9,600Assuming Salinger only prepares adjustments at year-end, prepare the required adjusting entry at December 31 of the current year.

What will be an ideal response?

Business

The minimal-spanning tree technique finds the shortest route to a series of destinations

Indicate whether the statement is true or false

Business

The terms slack and surplus both refer to having too much of a resource

Indicate whether the statement is true or false

Business