A firm should not simply assume that its profits will grow if its sales grow.
Answer the following statement true (T) or false (F)
True
Sales growth doesn't necessarily mean big profits.
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When consumers react more favorably to a brand than to a generic or unbranded version of the same product, the brand is said to have positive brand equity
Indicate whether the statement is true or false
If budgeted net income for the upcoming period is too low, management has the opportunity to make adjustments before the new period begins
Indicate whether the statement is true or false
Which of the following is an example of exercising internal control over receivables?
A) separating cash collection and credit approval duties B) extending credit to all customers who apply for credit C) combining the duties of the credit and accounting departments D) allowing credit department employees to collect cash from customers
Valley View Construction Corporation wants to obtain a zoning variance for a part of its property. The variance must not
a. compromise the campaign promises of the zoning board members. b. include a burden that has a connection to the property. c. result in a profit for its proponent. d. alter the essential character of the property.