Market segmentation means dividing consumers according to their wants, income, and geographic location.
Answer the following statement true (T) or false (F)
True
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An effective follower ______.
a. is held to account by others b. has an external sense of accountability c. is less innovative because they are very loyal d. supports organizational goals, or have the courage to leave (the organization)
FASB has set forth all of the following conditions for recognizing transfers of receivables as sales only if the following conditions of surrendering control of the receivables are met except:
a. The assets transferred have been isolated from the selling firm. b. The buying firm obtains the right to pledge or exchange the transferred assets, and no condition both constrains the transferee from taking advantage of its right and provides more than a trivial benefit to the transferor. c. The selling firm does not maintain effective control over the assets transferred through (a) an agreement that both entitles and obligates it to repurchase the assets or (b) the ability to unilaterally cause the transferee to return specific assets. d. A creditor of the selling firm can access the receivables in the event of the seller's bankruptcy.
Cost of sugar is an indirect cost in the manufacture of candy bars
Indicate whether the statement is true or false
The Generally Accepted Auditing Standards (GAASs) are established by the American Institute of Certified Public Accountants
Indicate whether the statement is true or false