Digital marketing through online, mobile, and social media provides a sense of brand engagement and community
Indicate whether the statement is true or false
TRUE
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The accounting department reports that the balance of accounts receivable is $210,000. You are willing to accept that balance if audit sampling suggests it is within $15,000 of the actual balance. Using a classical variables sampling plan, you compute a 95% confidence interval of $208,000 to $225,000. You would therefore:
A. not be able to determine the acceptability of the receivable balance. B. accept the $210,000 balance because the confidence interval is within the materiality limits. C. accept the balance but with a lower level of confidence. D. take a larger sample before totally rejecting the balance and requiring adjustments.
What is an advantage of selling private-label brands for a national retailer?
A. Private-label brands have more clout than national brands. B. There are fewer steps and supply chain resources needed to develop private-label products. C. Customers can't compare prices for private-label products because of their exclusivity. D. There is less risk involved with selling private-label brands. E. The retailer saves costs as it does not need to market private-label products.
Answer the following statements true (T) or false (F)
Under partial allocation, income tax expense is equal to the tax liability.
Acme Farm Equipment operates worldwide and is organized into a(n) ________ structure. Within this structure, each of the four division presidents and their respective employees are committed to the tractor, planter, combine, and silo businesses, respectively. Within these four divisions, task responsibilities are clear, and managers are more independent and accountable.
A. organic B. customer C. functional D. matrix E. product