When there is a net loss, the Income Summary account would have a credit balance.
Answer the following statement true (T) or false (F)
False
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Discuss inventory control objectives
Direct marketers can minimize waste circulation of catalogs through use of current and highly targeted mailings
Indicate whether the statement is true or false
Both current voice-mail systems and older answering machines tend to suffer from low ____.
A. proximity B. fidelity C. pace D. signal strength
Answer the following statement(s) true (T) or false (F)
1. U.S. legal and political systems are generally very favorable to new business creation, enabling people from a variety of backgrounds, ethnic groups, income brackets, and age groups to start their own business. 2. The number of businesses in the United States has decreased steadily over the past decade. 3. Small businesses are important players in the U.S. economy because they represent about half its output and employ about half the private sector work force. 4. Self-employment as a primary occupation has declined by over 2 percent. 5. After the first year of being in business, an entrepreneur is guaranteed a small profit.