Which of the following is the best argument against the use of negative accounts receivable confirmation requests?
A. Recipients are likely to feel that in reality the confirmation is a subtle request for payment.
B. The inference drawn from receiving no reply may not be correct.
C. The cost-per-response is excessively high.
D. There is no way of knowing if the intended recipients received them.
Answer: B
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All of the following are sources of dynamic gains from trade EXCEPT
a. specialization and the reallocation of existing resources. b. additional savings and investment that occurs over a period of time. c. economies of large-scale production. d. economic stimulus provided by increasing levels of competition.
At the Sol Wave House hotel, located on the beautiful island of Majorca, Spain, a Twitter concierge stays in constant contact with its guests. If a guest has a problem or question, the answer is just a hashtag away. This is an example of the impact of which of the following?
A. interconnected effect B. dynamic effect C. network effect D. connected effect E. information effect
On the maturity date of a bond investment, the journal entry includes ________
A) a debit to Cash and a credit to Long-term Investments - Held-to-Maturity B) a debit to Long-term Investments - Held-to-Maturity and a credit to Cash C) a debit to the Interest Revenue and a credit to Cash D) a debit to Cash and a credit to Interest Revenue
From Southeast Asia, Tai Ltd. exports genuine trademarked goods to the United States. Tai also makes labels and packaging bearing another firm's trademark, ships the labels to another location, and then affixes them to an inferior product to deceive buyers. Tai sells these goods to retailers who are unaware that the marks are counterfeit. Under the Stop Counterfeiting in Manufactured Goods Act,
it is a crime to a. import genuine trademarked goods. b. traffic in counterfeit labels, stickers, and packaging. c. sell counterfeit versions of brand-name products in foreign countries. d. unknowingly use a counterfeit mark on goods.